In our recent post we discussed the 5 levels of assessing PMO maturity in your organization including: awareness, repeatable, defined, managed, optimized.
The maturity level is just a yardstick of where a PMO stands today – what you do with that information defines the continuous growth journey of a PMO. The success of a PMO involves gaining a strong insight on the key capabilities and practices that contribute to the maturity level. Each of the key capabilities and practices, when applied at its best, helps run the overall PMO in a consistent, measured and optimized way. It helps the PMO ‘run like a business’, understand its clients and their goals/needs, and meet those needs. The capabilities and practices lays down a foundation to support a PMO towards improving the PMO maturity level. So, what are those key capabilities and practices that a PMO must focus on?
Key capabilities and practices of a PMO to ensure optimal business performance:
- Organizational Governance: assess how well the organization controls the initiation and alignment of its investments with the corporate strategy.
- Management Control: assess how well the organization maintains control of the initiatives currently “in flight”.
- Benefits Management: assess how well the organization defines, tracks and ensures achievement of performance improvement from the investment.
- Risk Management: assess how well the organization focuses on and mitigates the impact of threats and the leveraging of opportunities.
- Stakeholder Management: assess how well the organization controls the initiation and alignment of its investments with the corporate strategy.
- Finance Management: assess how well the organization controls the initiation and alignment of its investments with the corporate strategy.
- Resource Management: assess how well the organization controls the initiation and alignment of its investments with the corporate strategy.
StrategicFront follows a standard approach to ensure proper planning and execution of the PMO Maturity Assessment initiatives:
- Scoping & Planning including PMO stakeholder identification and detailed planning of the Maturity Assessment initiative.
- Kick-Off including preparation and conducting kick-off with all identified stakeholders.
- Self-Assessment & Interviews including detailed self-assessment and interviews.
- Reporting including producing a PMO Maturity Level reports, with insights on each of the capabilities and practices.
- Goal Setting and Roadmap for Improvement including identifying future maturity goals and developing a roadmap towards the improvement journey.
How can we help?
StrategicFront offers a unique approach by integrating Project, Process, and Change Management to deliver on client’s business goals. Our team of highly skilled and experienced practitioners have led successful projects across all areas including: banking, technology, retail, and professional services. Need help to evaluate your organizations PM maturity needs – we’d be happy to speak with you. Email us at info@strategicfront.com or call 416-915-4141. We look forward to hearing from you.
