Is your PMO facing increased demand, but is it not able to keep up with the strategic needs of the evolving organization? Is it constrained in its ability to pursue strategic enterprise objectives? Or does your company fall short in its potential, not because of bad strategies, but because of a struggle to implement good ones? If this is the case, a Strategy Realization Office (SRO) is your solution. With a Strategy Realization Office and a Project Management Office being very similar in their approach, there are subtle differences between their focus. In this blog we examine the differences and dive deeper into what value they add to your organization.
Continue reading"The only thing that is constant is change." - Heraclitus
Category: Portfolio management (Page 1 of 2)
A lot is written and talked about PMO’s, but how is it that there are still PMO’s that are not functioning properly? To get an answer to this question, you have to question when a PMO functions well and which value they bring to the organization.
A PMO can bring value in a lot of different areas, in this series of blogposts we focused on 15 PMO values we value highly.
In the previous posts (15 important values a PMO delivers (1/3) and 15 important values a PMO delivers (2/3)) in this series we talked about some numbers of a PMO and the first ten values. Continue reading here for the next and final five values in our series.
Thank you for staying tuned, and we hope you enjoyed the series of three blogposts outlining 15 important values a PMO delivers.
We wish you a merry Christmas and a happy and PMO-challenging 2021!
Continue readingA lot is written and talked about PMO’s, but how is it that there are still PMO’s that are not functioning properly? To get an answer to this question, you have to question when a PMO functions well and which value they bring to the organization.
A PMO can bring value in a lot of different areas, in this series of blogposts we focused on 15 PMO values we value highly.
In the previous post (15 important values a PMO delivers (1/3)) in this series we talked about some numbers of a PMO and the first five values. Continue reading here for the next five values in our series and stay tuned for the last five coming in next week!
Continue readingA lot is written and talked about PMO’s, but how is it that there are still PMO’s that are not functioning properly? To get an answer to this question, you have to question when a PMO functions well and which value they bring to the organization.
A PMO can bring value in a lot of different areas, in this series of blogposts we focused on 15 PMO values we value highly. We are releasing five additional values every week in the coming two weeks, stay tuned!
Some numbers
Did you know 31% of projects do not meet their goals and business intent? Companies fail or fall short of their potential not because of bad strategies, but because of a failure to implement good ones.
Did you know 41% of projects go over budget? Organizations in Europe waste an average of $131 million for every $1 billion spent on projects due to poor project performance.
Research on the impact of PMO’s shows :
✅ 43% improvement in aligning projects with organization’s objectives
✅ 27% improvement in customer satisfaction
✅ 33% improvement in projects delivered under budget
✅ 25% improvement in productivity
✅ 25% decrease in failed projects
You’ve set up the PMO to obtain better project results, right? But did you know 50% of project management offices close within 3 years?*
Being aware of the maturity of your PMO enables your organization to identify areas of improvement, while also establishing goals for where you want your PMO to be in the future. Successful PMOs are constantly being challenged to find the best way to ensure that their practices continuously fit organizational needs.
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Threon developed a benchmark study for PMO professionals who would like to know more about the latest trends among PMOs in Belgium. This study provides insight into the maturity level, challenges and growth ambitions of your PMO peers.
The results are based on 28 (Belgian) participants. They responded to an online survey with 10 questions on their PMO’s challenges and ambitions.
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At this moment, businesses are competing in a world that is growing ever more complex. Changing environments due to disruptive technologies emerge with increasing frequency. Supplementary regulations cause entrepreneurial nervosity. Customers’ needs and demands change at breakneck speed and it is hard to find the right talent for the job. Competitors are always entering the scene. Time to think one step ahead and put emphasis on simplicity.
📒 Read more on how to transform your Project Organization into a Department of Simplicity here: https://www.threon.com/blog/dos
A lot of organizations apply agile principles & techniques, it’s hip and trendy but often underestimated. If everyone starts using them, you could ask yourself: to what extent is my organization applying these agile principles & techniques? Which metrics exist to measure and manage an agile transformation in our organization? Find out below!
📒 Read more on assessing the agility of your organization here: https://www.threon.com/en/blog/assess-the-agility-of-your-organization
In our previous blog, we discussed the rational model behind the implementation of Long-Term capacity planning. In this blog, we will elaborate more on ‘soft’ management components like human behavior. It plays an essential part in Long-Term capacity planning but is, unfortunately, much harder to get a hold on. Do you recognize some of the biases mentioned below? Just read on and discover how to handle them!
📒 Read more about capacity planning here: https://www.threon.com/en/blog/capacity-planning-how-to-reduce-fomo-at-c-level
Does the success rate of realizing strategic initiatives seems like a 50-50% chance to you? In that case, you may as well just flip a coin… Learn the importance of Long-Term Capacity planning, what the difference is with Resource Management and how to estimate resource capacity in your RUN and CHANGE environment, all by reading this blog!
📒 Read more on capacity planning here: https://www.threon.com/en/blog/long-term-capacity-planning-no-casino-bet-but-deliberate-planning
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