{"id":6166,"date":"2012-04-06T10:37:14","date_gmt":"2012-04-06T15:37:14","guid":{"rendered":"https:\/\/blog.planview.com\/?p=6166"},"modified":"2022-04-01T10:30:22","modified_gmt":"2022-04-01T15:30:22","slug":"pump-pmo-project-portfolio-management","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/pump-pmo-project-portfolio-management\/","title":{"rendered":"Pump up your PMO with Project Portfolio Management"},"content":{"rendered":"

By: Joerg Koehler, Director of Marketing at Innotas<\/em><\/p>\n

According to a recent report from PM Solutions (The State of the PMO 2012<\/a>), the sheer number of PMOs and their power within an organization has risen dramatically since 2000. 87% of all surveyed companies and organizations (large and small) have a PMO in place in 2012. However, there is a huge difference in results and effectiveness between high and low performing PMOs.<\/p>\n

So what do high-performing PMOs do differently than low-performing PMOs? The report and the above chart offer a simple answer for that:<\/p>\n

    \n
  1. High-performing PMOs do a better job at managing project schedules and budgets.<\/strong><\/li>\n
  2. They actively engage in resource management, including forecasting, demand and capacity management.<\/strong><\/li>\n
  3. And they make sure that they prioritize the projects that deliver the most value to the organization.<\/strong><\/li>\n<\/ol>\n

    Aside from better project management training and consistent PM processes and practices, high-performing PMOs rely heavily on Project Portfolio Management<\/span><\/a> solutions as an enabling technology<\/strong>, which empowers the PMO to effectively manage resources, govern process management, and monitoring of project performance through functionality such as what-if resource scenario planners and dashboards. The latter is one of the top 5 priorities of PMOs in the next 12 months according to the PM Solutions’ report.<\/p>\n

    We recently interviewed Sara Holmberg, Director of the PMO for the New York State Worker’s Compensation Board, who is one of Innotas’ customers. According to her, Innotas’ cloud-based PPM solution has helped the Boards’ PMO organization to put structure around an existing governance process while implementing extensive dashboards and reporting. As a result, the PMO dramatically reduced the reporting preparation time to the Office for Technology (OFT ) from several weeks to less than a day<\/strong>, which is quite a noteworthy accomplishment (read the full case study here<\/a>).<\/p>\n

    As additional reading, we recommend our whitepaper “Project Management Office: Seeing the Whole Picture”. Download it here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    By: Joerg Koehler, Director of Marketing at Innotas According to a recent report from PM Solutions (The State of the PMO 2012), the sheer number of PMOs and their power within an organization has risen dramatically since 2000. 87% of all surveyed companies and organizations (large and small) have a PMO in place in 2012….<\/p>\n","protected":false},"author":111,"featured_media":0,"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":[467],"class_list":["post-6166","post","type-post","status-publish","format-standard","hentry","category-pmo-project-management-organizations","tag-innotas"],"acf":[],"yoast_head":"\nPMO and Project Portfolio Management - Blog | Planview<\/title>\n<meta name=\"description\" content=\"What do high-performing PMOs do differently than low-performing PMOs? 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