What Does It Take to be PMO of the Year?
From the PM Network Blog
by Cameron McGaughy,
Aaron Smith, Deryn Zakielarz, Jill Diffendal
PM Network is the award-winning magazine for members of the Project Management Institute. This blog will highlight some of the publication's valuable information and insights, keeping you up to date on industry trends.
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At the recently completed PMO Symposium®, the winner of the 2018 PMO of the Year Award was announced. You may wonder what were the award-winning traits of the winner. The December PM Network® spells out why the project management office for Australian telecom Telstra was selected for this honor.
Turning back the hands of time, back in 2012 Telstra did a capital project audit and found out that nearly a third of the company’s strategic project investments were not meeting goals. So the company launched a PMO that year, focused on strategic planning and delivery. Since the founding, the PMO has provided structure and oversight to all major capital projects. The C-suite enthusiastically backs the efforts of the PMO, which has a full-time staff of 24 who oversee more than 1,800 project managers and 1,265 projects worldwide.
The PMO comes with power. Executive leaders within the PMO can hold business unit leaders accountable for delivering their projects’ benefits—and can influence shutdowns of projects that don’t deliver. They can also issue a “strong recommendation for change.”
Telstra leaders say the PMO’s biggest success has been bringing discipline to the company’s capital spend. The company has the largest capital expenditure budget in Australia. Discipline is grounded by a focus on key performance indicators.
Another benefit of the company’s PMO is its success in forging a culture of project excellence through talent development and training. Sponsors and key stakeholders are not overlooked—there is training for them as well.
Do you know of a PMO that deserves this honor and recognition? Be sure to nominate that PMO for the 2019 PMO of the Year Award.
Posted
by
Dan Goldfischer
on: December 04, 2018 11:44 AM |
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Comments (11)
Please login or join to subscribe to this item
Very interesting, thanks for sharing
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Thanks for the briefing Dan !
Dinah Young
Project Manager / Software Asset Manager| Prince William County
Springfield, Va, United States
A PMO is very important to every enterprise working by projects. It is essential to help the project managers. Congratulations to Telstra.
Thanks for sharing Dan.
RAJESH K L
Project Manager, PMP| Bharat Electronics, Bengaluru, India
Bengaluru, Karnataka, India
Alok Priyadarshi
Project Manager| Tata Consulting Engineers Limited
Jamshedpur, Jharkhand, India
Drew Craig
Sr. Agile & Product Coach| Vanguard
Philadelphia, Pa, United States
Ajay Dixit
Sr. Project Manager| Excelsoft Technologies Pvt. Ltd.
Bangalore, Karnataka, India
Binu Samuel
Project Manager | Rosa Carolina
Pathanamthitta, Kerala, India
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