The Strategic PMO

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Topics: Decision Making, Governance, Leadership, PMO, Portfolio Management, Strategy, ProjectsAtWork

The strategic PMO goes beyond tactical execution and helps an organization bridge the gap between high-level strategy and project implementation. Here is a roadmap to get there by focusing on capabilities, prioritization, resource allocation, value realization and, ultimately, delivery, which encompasses measuring, understanding variance, predicting, realigning and reallocating.

For decades, the PMO has been focused on tactical execution. But for many organizations, a gap still exists between high-level strategy and project implementation, hampering their ability to establish a competitive advantage. Bridging this gap requires a transformation in which the organization treats projects as the business investments that they are, investments that are made specifically to help support and drive a competitive advantage. It’s this transformation that is driving the emergence of The Strategic PMO.

As part of the PMO Symposium keynote series, Harvard Business School Professor Dr. Michael E. Porter, one of the world’s foremost authorities on competitive advantage, shared with the audience these key concepts for establishing a sustainable competitive advantage:

1. Differentiation – stake out a unique position and offer something nobody else can
2. Effective trade-offs – choose what to focus on and what not to focus on
3. Fit– …

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