THE INNOVATIVE METHODOLOGY THAT WILL MAKE YOUR PMO BE RECOGNIZED AND VALUED
The PMO VALUE RING methodology was created in conjunction with PMO professionals with a high level of maturity, in order to develop solutions that could support the creation or redesigning of PMOs which are focused on the creation of effective value to their organizations.
The recommendations provided by our tools are much more than the recommendation of a single expert, obviously limited by his own experience.
In fact, the PMO VALUE RING methodology is the voice of the PMO professionals’ worldwide community, telling us what actually increases the chances of making our PMOs successful.
KEEP IN MIND:
CUSTOMIZED RECOMMENDATIONS TO CREATE VALUE WITH YOUR PMO
The PMO VALUE RING methodology adapts itself to different organizational scenarios, assuming that there is no ideal model of a PMO, but instead different settings which should always be aligned with the stakeholder’s value expectations.
THE WORLDWIDE PMO COMMUNITY'S EXPERIENCE WITHIN YOUR REACH
Each step of the PMO VALUE RING methodology proposes specific recommendations for your PMO, based on a benchmarking database which brings together the experience of hundreds of PMO professionals worldwide.
THE 8 STEPS TO RESTRUCTURE OR REINVENT YOUR PMO
STEP 1 – DEFINING THE PMO SERVICES
Is your PMO providing the services (functions) that your clients and organization really need? How can you find out the services that will best meet your clients’ expectations?
In this step, the PMO VALUE RING® software will collect the most important benefits for each PMO client. Based on this information and in our benchmarking database, it will provide a list of services that are recommended to increase the likelihood of meeting the PMO clients’ expectations.
STEP 2 – BALANCING THE PMO MIX OF SERVICES
Is your PMO able to create noticeable value over the short term? And what are the conditions necessary in order to sustain long-term actions, which will be able to create sustainable value? Is the mix of services of your PMO correctly balanced to respond to this set of needs?
In this step, the PMO VALUE RING® software will collect each stakeholder’s expectations and utilize our benchmarking database to indicate how the PMO will be able to generate perceived value for its clients over time.
STEP 3 – ESTABLISHING THE PMO PROCESSES
What would be the processes of a PMO? Are the PMO processes formally and clearly defined, with their inputs, outputs, responsibilities, and all the necessary elements, adapted to the reality of your organization? Are the PMO clients aware of how each process will be performed and have they formally agreed to it?
In this step, PMO VALUE RING® will provide detailed process recommendations for each of the selected PMO services, based on our benchmarking database.
STEP 4 – DEFINING THE PMO KPIS (KEY PERFORMANCE INDICATORS)
How do you measure your PMO’s performance? Does the project’s success or failure necessarily represent the success or failure of the PMO? Do you adapt the PMO KPIs to different mixes of services?
In this step, based on our benchmarking database, PMO VALUE RING® will provide a set of KPIs for each of the selected PMO services, including recommendations for the relevance of each indicator and detailing how they should be established, measured, and assessed.
STEP 5 – DEFINING THE PMO HEADCOUNT AND COMPETENCES
How do you set the headcount for your PMO? What type of competences must a PMO professional possess? What influence will the PMO configuration have on the required competences? How do you establish the best team for your PMO, considering the highest recommended competences for a best overall performance?
In this step, based on our benchmarking database, PMO VALUE RING® will provide recommendations regarding the PMO team definition, and identify required competences and their relevance. A 360 degree assessment tool will also be provided, allowing each PMO member’s proficiency level on the competences required to be identified, alongside gaps, assisting the definition of development plans, and suggesting the best resource allocation for each PMO service.
STEP 6 – DEFINING THE PMO MATURITY EVOLUTION PLAN
How do you assess the maturity of a PMO? How does a PMO evolve its maturity? Is it possible to create a plan for its evolution?
In this step, PMO VALUE RING® will support the assessment of the current and target levels of PMO maturity, detailing each service on levels that reflect the evolution of the PMO’s ability to create value for the organization. Based on our benchmarking database, the model also supports the creation of action plans for the PMO’s evolution.
STEP 7 – CALCULATING THE PMO ROI (RETURN ON INVESTMENT)
Is your PMO creating a positive financial result? Do the investments and expenses of the PMO exceed the benefits received? How can the PMO ROI be calculated if each PMO has a specific configuration?
In this step, PMO VALUE RING® supports the measurement of the PMO’s financial return, while considering the organization’s specific problems which potentially generate losses, the mix of services offered by the PMO, and our benchmarking database.
STEP 8 – ESTABLISHING THE PMO BALANCED SCORECARD
How is the strategic monitoring of your PMO done? Which goals could be established to balance the challenging role of the PMO in creating value for the organization? How can the Balanced Scorecard (BSC) approach be applied to your PMO?
PMO VALUE RING offers a control panel where you can set goals and track the results of the PMO, monitoring value creation for stakeholders and the organization.
Learn more about this powerful methodology, developed with the participation of PMO Leaders
