{"id":20390,"date":"2022-12-21T12:15:00","date_gmt":"2022-12-21T18:15:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=20390"},"modified":"2022-12-21T11:08:36","modified_gmt":"2022-12-21T17:08:36","slug":"maximizing-pmo-value-during-times-of-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/","title":{"rendered":"Maximizing PMO Value During Times of Economic Uncertainty"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"h-the-right-focus-the-right-results\"><strong>The right focus, the right results<\/strong>&nbsp;<\/h3>\n\n\n\n<p>PMOs must be business focused; you have probably heard that, or something similar, in recent years. But what does that really mean? And how does this impact the focus of your business having to adapt and change to shifting environments?&nbsp;&nbsp;<\/p>\n\n\n\n<p>On the topic of economic uncertainty, Global PMO thought leader Andy Jordan, and Planview\u2019s own Dave Blumhorst recently sat down for a webinar on <a href=\"https:\/\/mcas-proxyweb.mcas.ms\/certificate-checker?login=false&amp;originalUrl=https%3A%2F%2Finfo.planview.com.mcas.ms%2Fmaximizing-pmo-value-economic-uncertainty-am-_webinar_prm_en_reg.html%3FMcasTsid%3D20892&amp;McasCSRF=c1a8bdfed887dd579f9a7b9120f2e739bd0193e7b9f2f6ba551ad896870ed147\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Maximizing PMO Value During Times of Economic Uncertainty<\/a> to address how businesses can adapt to a market influenced by economic downturn. &nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/#Create_and_Maintain_an_Integrated_Demand_Backlog\" >Create and Maintain an Integrated Demand Backlog&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/#Prioritize_Your_Focus_on_Evolving_the_Needs_of_Your_Business\" >Prioritize Your Focus on Evolving the Needs of Your Business &nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/#Manage_Alignment_to_Ensure_That_All_Funded_Investments_Align_with_Strategic_Priorities\" >Manage Alignment to Ensure That All Funded Investments Align with Strategic Priorities&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/#Prioritize_Hiring_PMOs_That_Understand_Your_Business\" >Prioritize Hiring PMOs That Understand Your Business&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/#Next_Steps\" >Next Steps&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Create_and_Maintain_an_Integrated_Demand_Backlog\"><\/span><strong>Create and Maintain an Integrated Demand Backlog&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the keys to success that Dave and Andy discussed was the ability to create and maintain an integrated demand backlog \u2013 a single list of proposed initiatives, intake requests and so that they can be prioritized, and reprioritized, as needed to ensure that the work being done is aligned with the strategic needs of the business.&nbsp; When all demand is filtered through one intake funnel, controlled by a PMO that is focused on optimizing business performance, it becomes much easier to adjust that intake to align with new or changed priorities.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prioritize_Your_Focus_on_Evolving_the_Needs_of_Your_Business\"><\/span><strong>Prioritize Your Focus on Evolving the Needs of Your Business <\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Of course, it\u2019s a bit more complicated than simply updating a backlog when strategies shift.&nbsp; That backlog also must ensure appropriate prioritization for mandatory and regulatory work, maintenance initiatives, and ongoing work from previous business periods. But that\u2019s where the business focused PMO comes in \u2013 with an understanding of all those variables, of how they align with the evolving needs of the business, and how they are being delivered.&nbsp;&nbsp;<\/p>\n\n\n\n<p>On delivery, PMOs also must ensure they can enable all work structures and methods.&nbsp; An effective PMO must be able to support programs and projects, but also products, value streams, epics, etc. And they must ensure work can be delivered using traditional, agile, hybrid and informal approaches.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manage_Alignment_to_Ensure_That_All_Funded_Investments_Align_with_Strategic_Priorities\"><\/span><strong>Manage Alignment to Ensure That All Funded Investments Align with Strategic Priorities<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Another example of what it means for a PMO to be business focused can be described as the following:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ensuring that the funded investments align with the strategic priorities&nbsp;<\/li><li>Work being delivered aligns with those investments&nbsp;<\/li><li>Benefits being achieved from that work align with the enterprise goals and objectives&nbsp;<\/li><\/ul>\n\n\n\n<p>This is not too difficult to achieve at the start of a business cycle, however, it is much harder to maintain during all the changes driven by external factors and internal variances.&nbsp; As a result, during periods of economic uncertainty, those impacts affect organizations more often, and usually with more potential disruption.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prioritize_Hiring_PMOs_That_Understand_Your_Business\"><\/span><strong>Prioritize Hiring PMOs That Understand Your Business<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PMOS guide executives on the impact of proposed changes, helping to ensure that the impact of decisions are understood. A business focused PMO can also help minimize the disruption that changes cause to project delivery environments and maximize the effectiveness and efficiency of the implementation of changes and adjustments.&nbsp; And it can help ensure that there is effective collaboration across all departments and functions, driving success for everyone.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Next_Steps\"><\/span><strong>Next Steps<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A business focused PMO won\u2019t guarantee that an organization succeeds in delivering all of its strategies, but it will provide that organization with a much greater chance of success.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>To learn more about the two critical steps that a PMO needs to take, and to discover the other key steps that Dave and Andy discussed, access the webinar recording <a href=\"https:\/\/mcas-proxyweb.mcas.ms\/certificate-checker?login=false&amp;originalUrl=https%3A%2F%2Finfo.planview.com.mcas.ms%2Fmaximizing-pmo-value-economic-uncertainty-am-_webinar_prm_en_reg.html%3FMcasTsid%3D20892&amp;McasCSRF=c1a8bdfed887dd579f9a7b9120f2e739bd0193e7b9f2f6ba551ad896870ed147\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The right focus, the right results&nbsp; PMOs must be business focused; you have probably heard that, or something similar, in recent years. But what does that really mean? And how does this impact the focus of your business having to adapt and change to shifting environments?&nbsp;&nbsp; On the topic of economic uncertainty, Global PMO thought&#8230;<\/p>\n","protected":false},"author":239,"featured_media":20398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[36],"tags":[],"class_list":["post-20390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maximizing PMO Value During Times of Economic Uncertainty - Planview Blog<\/title>\n<meta name=\"description\" content=\"Global PMO thought leader Andy Jordan, and Planview\u2019s own Dave Blumhorst sat down for a webinar on Maximizing PMO Value During Times of Economic Uncertainty\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maximizing PMO Value During Times of Economic Uncertainty\" \/>\n<meta property=\"og:description\" content=\"Global PMO thought leader Andy Jordan, and Planview\u2019s own Dave Blumhorst sat down for a webinar on Maximizing PMO Value During Times of Economic Uncertainty\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/maximizing-pmo-value-during-times-of-economic-uncertainty\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-21T18:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2022\/12\/iStock-1351237657-1-e1671637877801.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Miko Laforteza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Planview\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Miko Laforteza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/maximizing-pmo-value-during-times-of-economic-uncertainty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/maximizing-pmo-value-during-times-of-economic-uncertainty\\\/\"},\"author\":{\"name\":\"Miko Laforteza\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#\\\/schema\\\/person\\\/106aeeb3669ec2c11f673637f103dabf\"},\"headline\":\"Maximizing PMO Value During Times of Economic Uncertainty\",\"datePublished\":\"2022-12-21T18:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/maximizing-pmo-value-during-times-of-economic-uncertainty\\\/\"},\"wordCount\":611,\"publisher\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/maximizing-pmo-value-during-times-of-economic-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1351237657-1-e1671637877801.jpg\",\"articleSection\":[\"Product Portfolio Management\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/maximizing-pmo-value-during-times-of-economic-uncertainty\\\/\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/maximizing-pmo-value-during-times-of-economic-uncertainty\\\/\",\"name\":\"Maximizing PMO Value During Times of Economic Uncertainty - 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