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In this session we take a look at one of the main challenge areas for PMOs right now - how to support the benefits management process.
It was an interactive session to help us really understand what the challenge is - and what the PMO can do to overcome the issues and really support their organisations going forward.
Sign in to read more about what the common hurdles are to overcome and how PMOs are doing just that.
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In this session, we take a closer look at benefits management and benefits realisation.
Just what are the expectations of the PMO when it comes to benefits management? How do we prioritise? Should we be reporting it, and if so what?
Or is there a case for the PMO not supporting benefits management? Would it make that much difference?
We were joined by Subash Tavares, the Founder and MD of thevirtualpmo, who talks about the realities of benefits management and the role of the PMO – sharing his experiences from Thames Tideway, Lower Thames Crossing, TfL Major Projects Directorate and other major programmes. He also covered what, how and why we in the PMO need to be at the core of benefits realisation.
This session also featured our first attempt at a debate - find out how we got on and what we learnt.
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Many people do not fully understand benefits, see them as a side-activity unconnected to the main activities of project, programme or change management – or just do not consider them at all.
Benefits management is not an activity, it is a mind-set. Described as ‘the golden thread’ from business case to business as usual, benefits are the reason we invest in doing things differently.
In this interactive session, PMO Flashmobbers will learn what benefits are, how they are identified and begin to develop an understanding of the part we all play in realising them. Attendees will learn, through practical exercises, how to use tools such as the Dellar Success Case to start shifting your mindset to a benefits one.
Carry on reading and listen to the full recorded session PLUS a full breakdown of the practical exercise:
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Many people do not fully understand benefits, see them as a side-activity unconnected to the main activities of project, programme or change management – or just do not consider them at all.
Benefits management is not an activity, it is a mind-set. Described as ‘the golden thread’ from business case to business as usual, benefits are the reason we invest in doing things differently.
In this interactive session, PMO Flashmobbers will learn what benefits are, how they are identified and begin to develop an understanding of the part we all play in realising them.
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In the final session from the PMO Lab, we're looking at metrics and measures that ultimately help to drive executive and business decisions. The PMO's objective as a function which enables decision-making encompasses many areas. It could be the physical mechanisms that would allow decisions to be made, for example, producing reports, updating dashboards and so on. It can mean helping to create an environment where decisions and approvals can flow - the governance side. Even the more behavioural side of decision-making and ensuring staff are well-trained in communications, influence and negotiation.
We also cover the final two sessions which looked at PPM tools and the PMO business case benefits.
First up, business decisions and the lab rats concentrated on the PMO as a portfolio management office and how it can help drive executive business decisions. No other reason, other than they can!
Let's see what they undercovered:
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This year's theme at PMI's PMO Symposium was all about Benefits Management, a big change from last year where the talk was all about portfolio management. There were about 700-800 people in attendance over the three days - and the set up was the same as last year. Some opening keynote speeches - a learning excursion (I picked the hospital - fascinating when you compare it to the NHS and what we have here) - then sessions you could pick from across six different streams. Some of these streams were what they called Knowledge Hubs, small groups of people being facilitated in a discussion about a particular topic.
This year, Eileen Roden, PMO Flashmobber joined me - and we bumped into John McIntyre (Ticketmaster PMO Manager, who was presenting a couple of sessions) and Mr Portfolio, Craig Kilford.
So what did I take away from this year's PMO Symposium? Here are my top ten messages:
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Take a look at the video below to find out more about the first day of the 2016 PMO Symposium
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