Better Business Cases is a training course and certification based on the ‘Five Case Model’ – the UK government’s best practice approach to developing spending proposals and enabling effective business decisions.
The guidance and Five Case Model can be applied to business cases and other spending proposals. In this hour-long session, we provide an overview of the guidance – including the different types of business cases and how they are developed.
In this PMO Flashmob evening session, we learnt about what good portfolio prioritisation and business case management looks like, and how the PMO can become a key enabler and participant during the design, set-up and running of these management processes.
Demand management is challenging for a number of organisations, with many seeking a more holistic approach combined with practical guidance. In this session, we hear about best practice and learn from real-life examples. By the end, we had an understanding of the basic concepts of demand management, the business case management and portfolio prioritisation process, and role that PMO can and should play.
Why listen to the Session?
Alignment to the Business Case competency and focusing on the portfolio context.
Good for PMO Managers and Directors who are implementing or have implemented services around business cases and project prioritisation
Great for PMO Administrators and Analysts to understand what business case and project prioritisation means in a PMO context.
“Why is Portfolio Prioritisation so important for the PMO?” we find out in this guest article from Holger Heuss plus insights on what you need to know about project prioritisation and what services the PMO can offer
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:
We hear a lot about “how much value does the PMO bring to the business” or versions along those lines and I got thinking about the subject whilst listening to something which, on the surface of it, has no connection whatsoever.
I was listening to the TED talk “Know Your Worth and Ask for It” from Casey Brown [Link to the session]
The session is all about the fact you’re never paid what you think you’re worth – only what other people think you’re worth.
And that earning what you’re worth is a simple equation of:
“Definition of Value” + Clear Communication
How do you measure the value of your PMO and how do you demonstrate its value to the business? These challenges face every PMO, and doing it effectively undoubtedly helps the ongoing existence of a thriving PMO.
In this PMO Flashmob - held in March 2018 - we introduce the Value Ring methodology to you and alongside that, provide further insights from other theories, research and thought leadership, all focused on how the PMO can demonstrate the value of the PMO to the business.
The video of the session and the presentation are now available to view.