Projectmanagement411 Engages: The PMO and The Mythical Project Queue

Following up on Margaret Rouse’s post on my Choosing the Right PMO Vision Series, today we deal with the mythical queue:
Margaret: You really got me thinking. I think what REALLY blew me away was when you said that 74% of all projects fail — and that the number could be even higher for IT projects. I’m interested in any concrete strategies you can offer for avoiding getting small projects lost in what we used to call the mythical queue.
Bob: The PMO or, for smaller firms, some type of project control function, succeeds with excellent business processes for project visibility, strategy alignment, and prioritization. My guess is that the “mythical” queue is bloated because a project inventory isn’t done regularly and many projects are not aligned with strategies. These two things would decrease the amount of, and increase focus on, projects. Lack of prioritization criteria, and working the priorities as strategies change, contributes to “bad” muti-tasking (stop, restart, relearn). You end up with a mess that allows people to move from project to project without accountability and very bad estimating.
The PMO should be doing the type of support to standardize visibility, strategy alignment, and prioritization processes plus does everything it can to help projects accelerate. All of this is largely “outside” whatever software development process is used, as it should be.
************
Do you suffer from the mythical queue? Tell me about it!
Don’t miss a post! Subscribe via RSS or EMAIL.
Tags: collaboration, compelling, execute-strategy, executive, governance-board, innovation, investment, lean, marketing, marketing-offer, pain, PMO, PMO-vision, portfolio-management, project, project-management, project-management-office, project-portfolio-management, selling-projects, strategy, theory-of-constraints, value, value-sellingRelated Stories
POSTED IN: PMOs and Portfolio Management


0 opinions for Projectmanagement411 Engages: The PMO and The Mythical Project Queue
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: