The world of the PMO is constantly changing – one of the more recent additions to its services is Enterprise-wide Portfolio Management.
According to the most recent Gartner study (Gartner Magic Quadrant for PPM May 2019), by 2023, 80% of organisations will have an enterprise project, programme or product management office (PMO).
It is only fair to say that Enterprise-wide Portfolio Management is still developing and in this comprehensive session we tackled the subject.
In this session we were joined by Holger Heuss, Holger is also the instructor on the new PMO Learning course - Effective Enterprise-Wide Portfolio Management - which is aimed at those working in portfolio management and portfolio office. In this PMO Flashmob evening session we covered:
Introduction to an Enterprise-wide Portfolio Management Framework, which included:
Definition
Indicators for maturity
Relevant themes
Snapshot of the Portfolio Management capability maturity across the audience
Identification of hotspots for future sessions
Here we share the resources and the analysis from the evening based on the questions that were asked about their own organisations.
In last week's #PMOwfh we had a great session led by Adam Skinner about the impact the pandemic has had on our organisation's portfolio of projects - lots of mothballing and projects put on hold. The session also looked forward to recovery and the thinking that is required now, to start getting a plan in place for recovery.
The PMO has a role to play in that recovery and in this 30-minute session, Adam takes us through that.
When a PMO Flashmobber likes a product, what better way to let others know about it by scheduling a webinar. Many of you might know that Nicole has a passion for the tooling and technology side of PMO [you can check out her Mini-Masterclass here] She's arranged this webinar session for the PMO Flashmobbers:
We’re hosting a webinar on how to wow your execs with highly visual, engaging information, through innovative tools like the virtual project room vBAR and Kivue Perform, the executive portfolio performance tracking platform. If you’ve ever struggled to get your exec team engaged in your projects, then this webinar will be for you!
Rupert Taylor, MD at Kivue and Pro4 Solutions, demonstrates how vBAR and Kivue Perform provide a simple, visual view of your projects that encourages execs to actively get involved.
Here's the session and some notes below
Following on from the PMO Book Club last month, in this post, PMO Flashmobber Juliet Doswell writes a review for one of her favourites. From the title alone I'm sure there are a fair few of you that are thinking this might be a worthwhile purchase :)
It's Let it Simmer – Making Project, Portfolio and Program Management Practices Stick in a Skeptical Organisation. It's currently £13.60 on Amazon and Juliet gives it a 5/5 rating. Take a look at the book here.
Take a look and see what she thinks.
Organisations that excel at investing in change use a goals-driven portfolio.
They prioritise their goals, invest more in their priority goals, and choose projects that can achieve those priorities as efficiently as possible.
A goals-driven portfolio provides the foundation for agile investment decisions.
As rapidly as the market changes, as new ideas emerge, and as today’s projects vary in their probabilities of success, business leaders and portfolio managers can re-appraise the organisation’s investment choices.
They can decide what to keep the same in the portfolio and what needs to change – to achieve the goals they are investing in, at the speed they need to achieve them, and with the least possible risk.
