Today\u2019s Program Management Office faces challenges at every angle. From new technologies and environmental factors to shifting business strategies and changing customer expectations, PMOs need to upgrade to keep up. Learn a few tips for making the shift in this blog.<\/p>\n
Last year may have been unprecedented, but there\u2019s one thing we saw coming: an accelerated pace of change.<\/p><\/blockquote>\n
While no one was expecting to have to become digital within just a few months (if not weeks), there were already signs that businesses needed transformations.<\/p>\n
To start, changing customer expectations, mass digitization and newer, faster competition were already on almost everyone\u2019s radar. Change is becoming the new standard, forcing organizations to rethink not only their business strategy but also how they transform to meet and deliver on that business strategy.<\/p>\n
Bring on the EPMO<\/h3>\n
In fact, according to one study, 67 percent of business strategies don\u2019t work because of a failure to enact end-to-end strategy execution. To avoid this fate, you need to realign, deliver and gain value from your company\u2019s project portfolios. That means embracing enterprise program management (EPM) as a strategic business capability \u2014 one facilitated by agile portfolio, program and project management to execute the strategy from end-to-end and realize business value.<\/p>\n
The first step in embracing EPM as a capability lies in evolving your project management office (PMO). Today\u2019s PMOs need to be agile themselves, focused on business outcomes and the organization\u2019s overall strategy. An evolved PMO will play a critical role in ensuring your company is ready for any change the world throws at it.<\/p>\n
Imagining a New Project Management Office<\/h3>\n
Many of today\u2019s companies face unclear business strategies, confusion over their overall objectives, and constrained support from senior executives. What most companies do know, however, is they\u2019ll need more project managers to help as they:<\/p>\n
\n
- Take on more projects related to enhanced and emerging technologies, and<\/li>\n
- Transition to operating models primarily focused on product-based work.<\/li>\n<\/ul>\n
In fact \u2014 according to Gartner \u2014 50 percent of large companies will have integrated their separate IT and business PMOs into enterprise program management office (EPMO) \u201chubs\u201d to help facilitate business transformation.<\/p>\n
As a result, PMOs must transform so they can drive new initiatives aligned to your company\u2019s evolving business strategies. They must stop delivering control and start supporting everything from strategy and financial planning to business value realization.<\/p>","protected":false},"excerpt":{"rendered":"
Incubate intuitive opportunities and real-time potentialities. Appropriately communicate one-to-one technology after plug-and-play networks. Re-engineer revolutionary meta-services and premium architectures.<\/p>","protected":false},"author":3,"featured_media":271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":[],"categories":[2,5],"tags":[17,23,25,39],"_links":{"self":[{"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/posts\/207"}],"collection":[{"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/comments?post=207"}],"version-history":[{"count":0,"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/posts\/207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/media\/271"}],"wp:attachment":[{"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/media?parent=207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/categories?post=207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hubrum.eu\/de\/wp-json\/wp\/v2\/tags?post=207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}