Join me on the journey to delivering value! Transforming centralized portfolio management, embedded in the PMO, can truly impact the product delivery and project management organization. This is a journey to rethink our preconceptions of what a PMO is to what it must become!
A PMO creates value when, and only when, it enables educated, fact-based decisions regarding resource allocation across projects, programs, and portfolios. If, subsequent to one year of inception, the PMO cannot provide an up-to-date, accurate view of resource allocation, then it has failed in the single most important role that a PMO has in the organization.
A PMO creates value by helping the organization decide where to invest its resources for the optimal return on investment (ROI). Tools, methodology, techniques, and processes are all nice to have, but they do not constitute an objective by themselves.
Value-driven PMOs genuinely understand that they must continuously create, refine, and update the mapping of resource allocation in an organization. This is, of course, easier said than done, and most PMOs fall short of being able to produce such a representation.
Once the PMO understands what value is and the role it plays in creating value, this book provides a framework to help it transform into a value driven and agile PMO by implementing four steps:
Elimination of waste
Selection and opportunity prioritization
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Must listen for understanding agile in org
The approach to the topic
The four fundamental model
Listen to this book to get valuable insights
Awesome insights into how a PMO should operate
The relevance to my work - practical
Flowing narration - connects well with the text