When it comes to organizational success, projects are vehicles for strategy, and therefore must be considered investments. With rapid transformation and innovation happening in every industry across the globe, it is critical that these investments pay off. For PMOs and project leaders, this means prioritizing project selection, project cycle time, and productivity, by aligning with strategy, better managing resources, and eliminating project waste.
In this eBook, we will present frameworks for improvement in all three areas which, if implemented, could positively impact C-level goals like profitable growth every day.
In order to gain a competitive advantage in the ever-changing marketplace, PMOs must keep the following priorities front and center:
– optimizing project selection by ensuring business alignment
– reducing project cycle time by improving resource management
– increasing productivity by eliminating project waste
Get a Sneak Peek into the 3 Core PMO Priorities eBook
Project Selection as a PMO Priority
A PMI survey revealed that, on average, “organizations waste 9.9 percent of every dollar” by failing to successfully implement and align with business strategy. Further, project leaders reported that nearly one third of projects failed to meet their goals, 43% exceeded planned budgets, and almost half were completed behind schedule.
In the eBook, you’ll learn:
- common causes of business alignment challenges
- the importance of a more holistic approach to project selection
- a framework of processes and tools for improved business alignment
- how to leverage this framework in the workplace
Project Cycle Time as a PMO Priority
Statistics show that just 55% of projects succeed in meeting schedules. Consequently, companies see not only delayed time to market, but losses in revenue, savings, customer satisfaction, and market share.
In the eBook, you’ll learn:
- common causes of delayed projects
- the importance of a more holistic approach to resource management
- a framework of processes and tools for more consistent time to market
- how to leverage this framework in the workplace
Productivity and Project Waste as PMO Priorities
90% of all office work is considered waste, according to 2019 research and business writer Paul A. Akers’ book, 2 Second Lean. Pervasive in most enterprises, project waste goes hand in hand quite clearly with both poor resource management and poor project selection.
In the eBook, you’ll learn:
- common causes of project waste
- the importance of a more holistic approach to value-added work
- a framework of processes and tools for improved productivity
- how to leverage this framework in the workplace