Strategy Execution and the PMO
In their book “Playing to Win, How Strategy Really Works” A. G. Lafley and Roger Martin argue that leaders need to understand that the work of strategy is based on a cascade of interconnected choices that start with clarifying “winning aspirations” and end with the identification of the capabilities and systems required to win. The power of this message is that it clearly highlights the two sides of strategy, thinking and doing.
Traditionally speaking the field of strategy focused on the art of crafting strategy, however, executives are increasingly recognizing that this is only one side of the coin. A successful strategy takes into account not only the realities of markets and competition but is also built on the capabilities of the organization. This is perhaps forcing management consultants and strategy gurus to rethink how they explain strategy. There is greater recognition now that successful strategy is not simply dependent on putting in place a strong strategy setting framework but also an effective delivery mechanism that executes it.
Linking strategy thinking with doing presents a huge opportunity for project management both as a discipline and a profession to uniquely meet the strategy execution challenge. It is within this context that PMOs can step up to the plate and bridge the gap between crafting and delivering.
The webinar will explore some critical questions addressing the role of the PMO in strategy execution:
- Are there different types of PMOs and are some better positioned to support the organization in strategy?
- Does strategy execution warrant a re-examination of the role of PMOs in organizations?
- Can the PMO embrace a mission that includes a diverse range of services and at the same time support executives in delivering strategy?
- How can the PMO add value in strategy execution?
- What capabilities does the PMO need to meet the strategy execution challenge?
- Does the PMO team composition need to be adjusted to address strategy execution?
The webinar will leverage lessons learned based on real life examples to explain how the PMO can add value to the field of strategy execution.
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