Three steps to setup an effective Enterprise Portfolio Management Office
January 20, 2021
Setting up an effective Enterprise Portfolio Management Office (PMO) to provide comprehensive and consistent project management practices and reliable, metrics-based status can be done by performing the following three steps:
Obtain buy-in and commitment to a governance structure and model. This includes defining the governance team and responsibilities including processes to define involvement level, accountability, and ownership. The typical governance model should include three levels:
Operational level – accountable for operational execution for delivery of project goals and objectives.
Tactical level – accountable for overall tactical coordination, implementation, and focus.
Strategic level – ultimately accountable for strategic decisions and successful outcome of the project.
Identify dedicated business and technical resources including executive owners and key roles to remove roadblocks and resolve escalated issues and ensure the projects align with the overall organization’s objectives.
Implement common tools and processes to manage high-level milestone schedules and provide consistent reporting including on-demand dashboards.
Dewpoint is here to assist with tailoring a PMO to support your organizational needs at a level your organization can adopt and benefit from. Our PM experts have a broad range of industry experience combined with year of experience and certifications. If you want to stop staffing people and start staffing projects, learn more about how we can help.