{"id":4601,"date":"2017-06-06T09:06:00","date_gmt":"2017-06-06T14:06:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=4601"},"modified":"2017-12-11T15:52:02","modified_gmt":"2017-12-11T21:52:02","slug":"increase-power-of-the-pmo-with-portfolio-management","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/","title":{"rendered":"Increase the Power of the PMO with Portfolio Management"},"content":{"rendered":"<p>The PMO is highly valuable in any organization\u2014or should be. Yet, many PMOs are <a href=\"https:\/\/blog.planview.com\/pmo-challenges\/\">unable to reach full potential due to challenges<\/a> such as being placed too low in an organization or lacking mature tools and practices. Further, PMOs are often led by directors who focus on project pushing, yet fail to learn from past mistakes. In fact, Forrester reports only 34% of PMO leaders reflect on lessons learned when formulating strategy, and only 26% of PMOs are at an \u201cinstitutionalized\u201d level. Download the Forrester report, <a title=\"\" href=\"https:\/\/info.planview.com\/forrester-increase-your-value-_whitepaper_prm_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">Increase Your Value: Become The Modern, Agile PMO<\/a> to learn how portfolio management can help.<\/p>\n<p><a title=\"\" href=\"https:\/\/info.planview.com\/forrester-increase-your-value-_whitepaper_prm_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-4607\" title=\"Forrester Report: Increase Your Value: Become The Modern, Agile PMO\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Forrester-Report-_-Increase-Your-Value-300x276.png\" alt=\"Forrester Report: Increase Your Value: Become The Modern, Agile PMO\" width=\"408\" height=\"375\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Forrester-Report-_-Increase-Your-Value-300x276.png 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Forrester-Report-_-Increase-Your-Value-768x706.png 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Forrester-Report-_-Increase-Your-Value-750x689.png 750w, https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Forrester-Report-_-Increase-Your-Value.png 984w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/a><\/p>\n<p>Despite the challenges a PMO must overcome, there is hope when it comes to demonstrating their value. Not only does the PMO have the power to spark insightful conversations within the business, but can drive better planned and prioritized business initiatives.<\/p>\n<p>So how can you become the PMO that brings about this change? Planview product manager, Carina Hatfield, offers some key tips:<\/p>\n<ul>\n<li>Link execution strategy<\/li>\n<li>Provide real-time meaningful information<\/li>\n<li>Create an adaptable culture and engage with the business<\/li>\n<li>Move away from a pure governance model to a planning and prioritization model<\/li>\n<\/ul>\n<p>The right portfolio management tools and processes can help your PMO accomplish these goals. For more information, I invite you to check out the video series featuring Carina on how to \u201cBe That PMO.\u201d The first video in the series has received over 8000 views, and people in organizations everywhere are benefiting from her recommendations. Let us know what you are doing to become the modern, agile PMO in the comments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The PMO is highly valuable in any organization\u2014or should be. Yet, many PMOs are unable to reach full potential due to challenges such as being placed too low in an organization or lacking mature tools and practices. Further, PMOs are often led by directors who focus on project pushing, yet fail to learn from past&#8230;<\/p>\n","protected":false},"author":28,"featured_media":4606,"comment_status":"open","ping_status":"open","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":[35],"tags":[],"class_list":["post-4601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pmo-project-management-organizations"],"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>Portfolio Management Increases Power of the PMO - Blog | Planview<\/title>\n<meta name=\"description\" content=\"Portfolio management helps the PMO overcome challenges and reach full potential. Download your copy of the Forrester report.\" \/>\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\/increase-power-of-the-pmo-with-portfolio-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increase the Power of the PMO with Portfolio Management\" \/>\n<meta property=\"og:description\" content=\"Portfolio management helps the PMO overcome challenges and reach full potential. Download your copy of the Forrester report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/\" \/>\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=\"2017-06-06T14:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-11T21:52:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Martha Garcia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PPMmartha\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martha Garcia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/\"},\"author\":{\"name\":\"Martha Garcia\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#\\\/schema\\\/person\\\/8e41eb40e331dc1c5af7e008795309f4\"},\"headline\":\"Increase the Power of the PMO with Portfolio Management\",\"datePublished\":\"2017-06-06T14:06:00+00:00\",\"dateModified\":\"2017-12-11T21:52:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/\"},\"wordCount\":270,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2017\\\/06\\\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg\",\"articleSection\":[\"Project Portfolio Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/\",\"name\":\"Portfolio Management Increases Power of the PMO - Blog | Planview\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2017\\\/06\\\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg\",\"datePublished\":\"2017-06-06T14:06:00+00:00\",\"dateModified\":\"2017-12-11T21:52:02+00:00\",\"description\":\"Portfolio management helps the PMO overcome challenges and reach full potential. Download your copy of the Forrester report.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#primaryimage\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2017\\\/06\\\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg\",\"contentUrl\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2017\\\/06\\\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg\",\"width\":750,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/increase-power-of-the-pmo-with-portfolio-management\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blog.planview.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Increase the Power of the PMO with Portfolio Management\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#website\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/\",\"name\":\"Planview Blog\",\"description\":\"Leading the conversation on digital connected work\",\"publisher\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blog.planview.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#organization\",\"name\":\"Planview\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/planview-logo-black.png\",\"contentUrl\":\"https:\\\/\\\/blog.planview.com\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/planview-logo-black.png\",\"width\":280,\"height\":66,\"caption\":\"Planview\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"http:\\\/\\\/www.facebook.com\\\/pages\\\/Planview-Inc\\\/89422974772\",\"https:\\\/\\\/x.com\\\/Planview\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blog.planview.com\\\/#\\\/schema\\\/person\\\/8e41eb40e331dc1c5af7e008795309f4\",\"name\":\"Martha Garcia\",\"description\":\"Martha Garcia graduated from The University of Texas at Austin with a BS in Communication Studies. It was here that she developed an interest in corporate communication, specifically in the areas of change management within complex organizations as well as leadership and organizational behavior. Martha is responsible for working closely with thought leaders in the areas of IT and the PMO to develop compelling programs and content including informative webcasts and white papers for the IT PMO community.\",\"sameAs\":[\"https:\\\/\\\/x.com\\\/PPMmartha\"],\"url\":\"https:\\\/\\\/blog.planview.com\\\/author\\\/martha-garcia\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Portfolio Management Increases Power of the PMO - Blog | Planview","description":"Portfolio management helps the PMO overcome challenges and reach full potential. Download your copy of the Forrester report.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/","og_locale":"en_US","og_type":"article","og_title":"Increase the Power of the PMO with Portfolio Management","og_description":"Portfolio management helps the PMO overcome challenges and reach full potential. Download your copy of the Forrester report.","og_url":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/","og_site_name":"Planview Blog","article_publisher":"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772","article_published_time":"2017-06-06T14:06:00+00:00","article_modified_time":"2017-12-11T21:52:02+00:00","og_image":[{"width":750,"height":400,"url":"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg","type":"image\/jpeg"}],"author":"Martha Garcia","twitter_card":"summary_large_image","twitter_creator":"@PPMmartha","twitter_site":"@Planview","twitter_misc":{"Written by":"Martha Garcia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#article","isPartOf":{"@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/"},"author":{"name":"Martha Garcia","@id":"https:\/\/blog.planview.com\/#\/schema\/person\/8e41eb40e331dc1c5af7e008795309f4"},"headline":"Increase the Power of the PMO with Portfolio Management","datePublished":"2017-06-06T14:06:00+00:00","dateModified":"2017-12-11T21:52:02+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/"},"wordCount":270,"commentCount":0,"publisher":{"@id":"https:\/\/blog.planview.com\/#organization"},"image":{"@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg","articleSection":["Project Portfolio Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/","url":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/","name":"Portfolio Management Increases Power of the PMO - Blog | Planview","isPartOf":{"@id":"https:\/\/blog.planview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#primaryimage"},"image":{"@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg","datePublished":"2017-06-06T14:06:00+00:00","dateModified":"2017-12-11T21:52:02+00:00","description":"Portfolio management helps the PMO overcome challenges and reach full potential. Download your copy of the Forrester report.","breadcrumb":{"@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#primaryimage","url":"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg","contentUrl":"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/06\/Increase-the-Power-of-the-PMO-with-Portfolio-Management.jpg","width":750,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/blog.planview.com\/increase-power-of-the-pmo-with-portfolio-management\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blog.planview.com\/"},{"@type":"ListItem","position":2,"name":"Increase the Power of the PMO with Portfolio Management"}]},{"@type":"WebSite","@id":"https:\/\/blog.planview.com\/#website","url":"https:\/\/blog.planview.com\/","name":"Planview Blog","description":"Leading the conversation on digital connected work","publisher":{"@id":"https:\/\/blog.planview.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.planview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/blog.planview.com\/#organization","name":"Planview","url":"https:\/\/blog.planview.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blog.planview.com\/#\/schema\/logo\/image\/","url":"https:\/\/blog.planview.com\/wp-content\/uploads\/2015\/06\/planview-logo-black.png","contentUrl":"https:\/\/blog.planview.com\/wp-content\/uploads\/2015\/06\/planview-logo-black.png","width":280,"height":66,"caption":"Planview"},"image":{"@id":"https:\/\/blog.planview.com\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772","https:\/\/x.com\/Planview"]},{"@type":"Person","@id":"https:\/\/blog.planview.com\/#\/schema\/person\/8e41eb40e331dc1c5af7e008795309f4","name":"Martha Garcia","description":"Martha Garcia graduated from The University of Texas at Austin with a BS in Communication Studies. It was here that she developed an interest in corporate communication, specifically in the areas of change management within complex organizations as well as leadership and organizational behavior. Martha is responsible for working closely with thought leaders in the areas of IT and the PMO to develop compelling programs and content including informative webcasts and white papers for the IT PMO community.","sameAs":["https:\/\/x.com\/PPMmartha"],"url":"https:\/\/blog.planview.com\/author\/martha-garcia\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts\/4601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/comments?post=4601"}],"version-history":[{"count":0,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts\/4601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/media\/4606"}],"wp:attachment":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/media?parent=4601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/categories?post=4601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/tags?post=4601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}