Project management offices (PMOs) are evolving. Shifting from purely administrative to incorporate the strategic, PMOs are performing a wider range of activities; they are supporting projects and programs outside Information Technology such as product launches and post-merger integrations, while at the enterprise level, they are helping organizations to invest in the right set of initiatives to achieve maximum return in terms of value and benefits.
PMO practitioners are expanding their role from pure execution to full accountability on budgets and resources. They are re-thinking the way PMOs operate, embracing new technologies and introducing new project management operating models in order to increase their added value to the organization. PMOs’ stakeholder set is broadening to include senior executives such as chief operating officers (COOs) and chief executive officers (CEOs), business partners, and external resources.
A new PMO model is emerging: the evolved PMO. An innovative, strategically aligned, and flexible PMO, designed to support modern organizations to face the turbulence of current market conditions.
Course Objectives
By the end of the course, participants will be able to:
Who should attend?
Directors and owners of large commercial and industrial companies.
General Managers in public and private companies.
Directors of internal audit offices in companies.
Managers of the audit and audit department in companies.
All employees in the field of financial control in companies.
All students seeking contemporary approaches in financial auditing and how to detect risks.
How attendees will benefit?
After completion of the programme, delegates will be able to:
Identify the top ten functions of the strategic PMO
List at least four value drivers for today’s PMO
Analyze the alignment between PMO and organizational business needs
Examine and compare the evolving PMO functions to your organization’s PMO
Analyze effective PMO governance characteristics
Evaluate three strategies to overcome some of the top resource management challenges
Course Outline
The PMO – Latest Research
Discuss the latest survey findings and compare them to your own organization’s PMO progress
Define the top 5 PMO challenges
Identify the top 5 PMO priorities over the next 12 months
Discuss how the PMO adds value to an organization
The PMO is Becoming a Demand Management Office
Identify different PMO types and placement within an organization
Describe the evolving purpose and functions of the PMO
List three roles that can enhance the strategic PMO influence in the organization
Make the case for the PMO as a “Demand Management Office”
Understand how the PMO adds business value
Portfolio Management – Seven Steps to Strategy Execution
Build a best practices Portfolio Management process
Describe the operations of the portfolio review board
List at least 5 criteria that could be used for portfolio prioritization
Address the challenges of monitoring portfolio performance
Explain the Portfolio Management Lifecycle
Governance – Contributions from all Levels of the Organization
Provide a definition of governance
Identify governance roles and responsibilities
Articulate the leadership commitment necessary for governance
Identify successful strategies to obtain buy–in for governance processes
Performance Measurement – Measuring PMO and Organizational Effectiveness
Articulate the basic principles and terminology of measurement
Explain how a PM Performance Measurement System correlates to the business impact of implementing projects
Establish a good set of project management performance measures
Use measurement to link PMO and project management gains to organizational improvements that speak to the executive level
Resource Optimization – The Key to Managing Demand
Define the 3 components of competency-based management
Outline the portfolio issues that influence effective resource management
Explain 3 strategies to overcome some of the top resource management challenges
Define the Resource Management Action Plan
Change Management
Apply change management requirements to project environments
List several of the key principles around change management in the project environment
Identify which organizational processes should be the focus of change management
Outline several of the factors that can lead to change failure
Best Practices – Lessons from Winning PMOs
Utilize examples of successful practices from award-winning PMOs
Describe best practices to address PMO critical change management success factors
Identify similarities in practices for best performing organizations and their PMO strategies
A Plan of Action – The Roadmap to Benefits Realization
Measure project management maturity in your organization
Determine the next steps in expanding your PMO
Identify the most important business benefits of a project management culture