Voices on Project Management offers insights, tips, advice and personal stories from project managers in different regions and industries. The goal is to get you thinking, and spark a discussion. So, if you read something that you agree with--or even disagree with--leave a comment.
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Date
Project management offices (PMOs) must prove their value by transforming strategy into business results, said PMI president and CEO Mark A. Langley as he kicked off PMO Symposium 2014 in Miami, Florida, USA.
“It’s essential that PMOs take on a role in the organization that enables change in the organization,” Mr. Langley said.
Illustrating Mr. Langley’s point, this year’s PMO of the Year finalists provided 600 attendees with exemplary case studies showcasing how PMOs can deliver on strategy execution and drive organizational change.
WellPoint Inc. took home the coveted award for meeting its most aggressive growth goals ever — even as the U.S. healthcare industry underwent a massive overhaul.
After establishing a scalable, repeatable framework based on PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), the PMO implemented Medicaid contracts around the country. And those contracts helped deliver 40 percent annual revenue growth in both 2012 and 2013. WellPoint’s PMO’s project portfolio also included major change initiatives, including the large-scale integration of a competitor following a high-profile acquisition deal.
WellPoint now ranks as the largest Medicaid managed-care company in the United States. And as WellPoint grew, so did the PMO — a direct reflection of its strategic value. Since 2010, the PMO has grown from 17 to 58 practitioners, and its portfolio from 9 to 38 projects.
In accepting the award, Sarina Arcari, PMP, staff vice president for business solutions in the government business division, challenged audience members to raise their PMO to the next level. “The power to elevate our profession lies squarely in your hands,” she said.
The other two finalists for this prestigious award were the Central Bank of the Dominican Republic and DTE Energy.
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The Central Bank of the Dominican Republic chartered the PMO to standardize project processes across the organization and drive execution to the next level. Since 2009, the portion of projects in sync with the bank’s strategy jumped from 43 percent to 89 percent. Through those projects, the organization has been able to deliver on its mission of securing financial stability for the country’s businesses and 10 million residents.
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DTE Entergy, a Michigan, USA-based power company, launched its PMO in 2006 to make the right project investments in Detroit and surrounding areas. Since then, DTE’s project performance has dramatically improved schedule and budget management — saving more than US$100 million on one project alone. The team also credits the PMO with allowing the organization to respond with increased agility to an evolving regulatory landscape.
For more on these three extraordinary PMOs, check out video case studies of all the finalists on PMI’s YouTube channel and extended inside looks in upcoming issues of PM Network®.
Sarina Arcari (far left) accepts the PMO of the Year award on behalf of the WellPoint team.
Posted
by
cyndee miller
on: November 18, 2014 11:45 AM |
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