{"id":23818,"date":"2024-05-29T13:11:07","date_gmt":"2024-05-29T18:11:07","guid":{"rendered":"https:\/\/blog.planview.com\/?p=23818"},"modified":"2024-08-07T14:59:44","modified_gmt":"2024-08-07T19:59:44","slug":"elevate-your-pmo-how-looking-to-the-future-drives-value-today","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\/","title":{"rendered":"Elevate Your PMO: How Looking to the Future Drives Value Today"},"content":{"rendered":"\n<p>Succeeding in today\u2019s fast-paced world requires thinking about success beyond today and tomorrow. It requires envisioning and forging a path of sustainable success over multiple business cycles. At the heart of this endeavor lies the project management office (PMO).<\/p>\n\n\n\n<p>A well-run PMO is one of your organization\u2019s greatest value drivers. It delivers business results quickly through projects and work that addresses various business needs and responds to new market and customer demands.<\/p>\n\n\n\n<p>But how do you ensure your PMO is capable of driving outcomes and enabling sustainable, long-term success? Through a forward-thinking mindset.<\/p>\n\n\n\n<p>In this post, we\u2019re going to talk about how your PMO can be ready for the future. This is part three of our series titled \u201cElevate Your PMO.\u201d You can read parts one and two here:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/blog.planview.com\/maximizing-your-pmos-value-starts-with-a-mindset-shift\/\" class=\"ek-link\">Maximizing Your PMO\u2019s Value Starts with a Mindset Shift<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/blog.planview.com\/eliminate-the-disconnects-that-undermine-your-pmos-value\/\">Eliminate the Disconnects that Undermine Your PMO\u2019s Value<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>If you haven\u2019t yet, be sure to check out our existing webinars in this series. You can access the on-demand versions by visiting:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/info.planview.com\/adopting-a-sponsors-mindset-emea-_webinar_prm_en_reg.html\">Webinar 1: Adopting a Sponsor\u2019s Mindset<\/a><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/info.planview.com\/outcomes-over-outputs-_webinar_prm_en_reg.html\"><strong>Webinar 2: Outcomes over Outputs<\/strong><\/a><\/li>\n<\/ul>\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\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\/#The_Future_Is_Coming_Are_You_Ready\" >The Future Is Coming, Are You Ready?<\/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\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\/#Modern_PMOs_Look_to_the_Future\" >Modern PMOs Look to the Future<\/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\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\/#Elevate_Your_PMO_by_Embracing_the_Future\" >Elevate Your PMO by Embracing the Future<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-the-future-is-coming-are-you-ready\"><span class=\"ez-toc-section\" id=\"The_Future_Is_Coming_Are_You_Ready\"><\/span>The Future Is Coming, Are You Ready?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The entire world of projects is about shaping the future of your organization.<\/p>\n\n\n\n<p>Business leaders are constantly looking for ways to plan for upcoming business needs, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accurately forecasting costs and efforts<\/li>\n\n\n\n<li>Using scenario planning to assess potential impacts of decisions<\/li>\n\n\n\n<li>Balancing trade-offs between competing priorities<\/li>\n\n\n\n<li>Funding initiatives incrementally, based on their progress<\/li>\n\n\n\n<li>Tracking planned project costs, timelines, and resources against the actual costs, schedules, and resources used<\/li>\n<\/ul>\n\n\n\n<p>The PMO plays an important role in helping leaders achieve those outcomes by executing and delivering projects. As such, business and project leaders are always looking ahead to plan where they want the enterprise to go.<\/p>\n\n\n\n<p>However, how far they\u2019re actually looking forward can be influenced by several factors, including project management methodology.<\/p>\n\n\n\n<p>Traditional waterfall project management will develop a plan for the entire project lifecycle before executing the project. They\u2019ll make adjustments to the plan as they go, and those adjustments are generally done on an ad-hoc basis. Agile teams, on the other hand, work with the expectation that they\u2019ll iterate their solutions in future cycles and improve as they go.<\/p>\n\n\n\n<p>When comparing both types of teams, you can see how the timeframe for looking forward varies based on their methodology. Traditional waterfall teams may work with plans that are several quarters in advance, while Agile teams may be focused on two-week sprints.<\/p>\n\n\n\n<p>And where does today\u2019s PMO fall on the forward-looking continuum? For many, not far enough ahead. Most PMOs focus on the current portfolio and the current fiscal year. At most, they may begin to look at the next year during financial planning activities, but that\u2019s about it.<\/p>\n\n\n\n<p>This shortsighted approach makes it harder for organizations to navigate change by working against their efforts to capitalize on new market and customer demands.<\/p>\n\n\n\n<p>This is something we\u2019ll dive deeper into in our <strong><a href=\"https:\/\/info.planview.com\/long-term-thinking-_webinar_prm_en_reg.html\">upcoming webinar titled \u201cLong-Term Thinking for Today\u2019s PMO.\u201d<\/a> <\/strong>Make sure you register for it and discover how to become a PMO that helps the enterprise achieve sustainable business value that extends well into the future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-modern-pmos-look-to-the-future\"><span class=\"ez-toc-section\" id=\"Modern_PMOs_Look_to_the_Future\"><\/span>Modern PMOs Look to the Future<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The business world as we know it is constantly changing, and it only makes sense for the PMO to evolve with it. The most effective PMOs shift their priorities by <a href=\"https:\/\/blog.planview.com\/maximizing-your-pmos-value-starts-with-a-mindset-shift\/\">focusing more on business outcomes<\/a> than tactical outputs. In doing so, they become one of your organization\u2019s most trusted strategic partners.<\/p>\n\n\n\n<p>This is where forward-thinking becomes critical. For your PMO to have a positive influence on company strategy, the PMO needs to be thinking beyond the immediate future. Here are a few reasons why:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Work extends beyond the present: <\/strong>The body of work your teams are assigned doesn\u2019t just exist in the present; it impacts the future<\/li>\n\n\n\n<li><strong>Future work demands different resources: <\/strong>The nature of work is constantly changing, and it\u2019s important to anticipate and prepare for those changes<\/li>\n\n\n\n<li><strong>Change is disruptive: <\/strong>Poor change readiness can come with negative consequences<\/li>\n<\/ul>\n\n\n\n<p>The truth is that change can be a good thing. You can use it to capitalize on new opportunities and improve your competitive positioning.<\/p>\n\n\n\n<p>On the other hand, change can be disruptive when organizations don\u2019t prepare for it. In these situations, undergoing sudden change can feel like being blindsided.<\/p>\n\n\n\n<p>That\u2019s why it\u2019s critical for today\u2019s PMO to look beyond the present and the immediate next step \u2013 to look far enough into the future to enable long-term success.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-elevate-your-pmo-by-embracing-the-future\"><span class=\"ez-toc-section\" id=\"Elevate_Your_PMO_by_Embracing_the_Future\"><\/span>Elevate Your PMO by Embracing the Future<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Becoming a future-focused PMO that delivers business value sounds like a great opportunity. But how do you put it into action?<\/p>\n\n\n\n<p>Join me and Dave Blumhorst as we dive into the benefits of looking further into the future. We\u2019ll cover the steps you need to take to elevate your PMO\u2019s impact and drive business outcomes that support your enterprise today and further into the future.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/info.planview.com\/long-term-thinking-_webinar_prm_en_reg.html\" class=\"ek-link\">Click here to register for our upcoming webinar titled<\/a><\/strong> \u201cLong-term Thinking for Today\u2019s PMO\u201d on Tuesday, September 24, 4:00 pm CEST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Succeeding in today\u2019s fast-paced world requires thinking about success beyond today and tomorrow. It requires envisioning and forging a path of sustainable success over multiple business cycles. At the heart of this endeavor lies the project management office (PMO). A well-run PMO is one of your organization\u2019s greatest value drivers. It delivers business results quickly&#8230;<\/p>\n","protected":false},"author":262,"featured_media":23819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[36],"tags":[],"class_list":["post-23818","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>Elevate Your PMO: How Looking to the Future Drives Value Today - Planview Blog<\/title>\n<meta name=\"description\" content=\"Develop a forward-thinking mindset and elevates your PMO to a trusted strategic enabler driving sustainable, long-term value\" \/>\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\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elevate Your PMO: How Looking to the Future Drives Value Today\" \/>\n<meta property=\"og:description\" content=\"Develop a forward-thinking mindset and elevates your PMO to a trusted strategic enabler driving sustainable, long-term value\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\/\" \/>\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=\"2024-05-29T18:11:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-07T19:59:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2024\/05\/mountain-peak.jpg_s1024x1024wisk20cws8nBrczWqxZUxL0YXNoymJ4HJegcC5CUz8Mdo5jdY4-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andy Jordan\" \/>\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=\"Andy Jordan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\\\/\"},\"author\":{\"name\":\"Andy Jordan\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#\\\/schema\\\/person\\\/edff4cadda250c574cfb5db645280355\"},\"headline\":\"Elevate Your PMO: How Looking to the Future Drives Value Today\",\"datePublished\":\"2024-05-29T18:11:07+00:00\",\"dateModified\":\"2024-08-07T19:59:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\\\/\"},\"wordCount\":872,\"publisher\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/mountain-peak.jpg_s1024x1024wisk20cws8nBrczWqxZUxL0YXNoymJ4HJegcC5CUz8Mdo5jdY4-1.jpg\",\"articleSection\":[\"Product Portfolio Management\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\\\/\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/elevate-your-pmo-how-looking-to-the-future-drives-value-today\\\/\",\"name\":\"Elevate Your PMO: How Looking to the Future Drives Value Today - 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