p3m global can work with you to create a structured methodology, combining accredited, best-practice methods with the uniqueness of your organisation to develop and implement sustainable solutions that will enable you to consistently deliver your goals.
p3m global can then leverage our training expertise to ensure the methodology is thoroughly embedded into your organisation.
p3m global can work with you to navigate the different shapes and sizes of PMO available and help you design and implement the best one for your business. A well designed PMO can be the engine of value generation in your business.
Although today many Project Management Offices exist, it is important to recognise:
There are 3 broad models for a PMO:
In a survey conducted by CIO (US) and the Project Management Institute (PMI), the top two reasons for establishing a PMO were to improve project success rates and to implement standard practices. In a finding that indicates a PMO’s true significance to the modern organisation, 39% of respondents said the PMO is a strategic entity employed at the corporate level, meaning it sets project standards across the enterprise and is supported by upper managers. There is also a strong link between the length of time a PMO has been operating and project success rates: The longer the better.
While 37% of those who have had a PMO for less than one year reported increased success rates, those with a PMO operating for more than four years reported a 65% increase in success rates. As with all business improvement projects there is a cost and a payback, only by considering this can you determine if it is a worthwhile investment. Regardless, the first step is to define the terms of reference and the scope of the project management office for your organisation.
As well as assessing against the existing maturity standards – we can assess and advise on which standard is most applicable to your business, or we can offer a tailored approach which combines the most applicable best practices across multiple standards.
At the end of the process you will understand the current level of capability as perceived by a broad spectrum of your staff based on whichever model you wish to select, receive a targeted improvement Blueprint to develop maturity throughout the organisation, and see the resulting improvements drive greater consistency of approach across your portfolio.
As a result, the likelihood of overall project success will markedly increase, allowing your efforts to be focused on aspects of your business which impact your bottom line, without spending effort on improving irrelevant or unimportant areas, as can be the case with some traditional models.
Talk to us – you’ll like what you hear!