Choosing the Right PMO Vision: 5. Vision Beyond the Vision- Better than Best Practice Research
A PMO conducting research? Sounds like we have a mini-Gartner or AMR on our hands. And why not? This is the ultimate best of the best practice for a company and a PMO. The PMO is in the best position to do this because it is the vehicle that best supports execution of strategies.
The logic is inescapable here: projects support strategy execution, therefore a centralized organization that informs the top executives, grouped into a governance board, is REQUIRED. Without such a PMO most companies achieve the execution of 10-15% of their strategies- a miserable record.
Why shouldn’t PMOs do research on what the next innovative strategies might be? Why shouldn’t PMOs do this research on companies outside their industry? or even outside their country? There is no reason why not- innovation exists outside ourselves, our companies and our countries. This type of innovation research will yield projects that result in breakthroughs in business practices for the company and it’s entire supply chain. It is the best of the best practice PMO process that will enable the best of the best company processes.
Tags: Agile Software Development, collaboration, execute-strategy, executive, governance-board, innovation, investment, lean, PMO, portfolio-management, project, project-management, project-management-office, project-portfolio-management, selling-projects, software-development, strategy, theory-of-constraints, value, value-sellingRelated Stories
POSTED IN: Best of the Best Practices, Choosing the Right PMO Vision, PMOs and Portfolio Management
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