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PMO: Responsibility or Honor?

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Sep 15, 2014 1:11:00 PM

Is running a PMO a responsibility or an honor?Running a portfolio of projects is hard work. Sometimes we get lost in the daily activity of the PMO and there's no doubt that sitting in the PMO is a great responsibility.

But is it also an honor?

How often do we take the time to think about our responsibilities and the honor of being trusted with this responsibility? Take a moment to think about it – this is profound stuff.

PMO - the responsibility

It’s a responsibility because the link between corporate strategy and execution of that strategy is the portfolio of projects you select. Implement the right projects, and implement them well, and your organization has a great chance of achieving its strategic goals.

Of course, if you pick the wrong projects or don’t execute well, the whole organization will struggle to achieve its goals.

There has been so much written on how to pick the right projects and how to execute them well – I won’t repeat it here. Rather, I want you to think about the responsibility you carry and to challenge you to constantly explore ways of doing it better.

PMO – the honor

But an honor?

Well, if the link between strategy and delivery of that strategy is the portfolio of projects, then the role of shepherding the portfolio is an incredibly important role.

And you’re the chosen one.

Someone has put a lot of trust in you. This is really useful to remember because it means that that same someone respects you and trusts you. This means that you are in a position to make suggestions and changes.

Decision Making Drives Effectiveness

What can you do to make a difference, to live up to both the responsibility and honor of your role?

Well, improving project prioritization and improving execution of projects are both important – and I’ve written before about the order in which to tackle them.

But underlying both project prioritization and the execution of good projects is the ability to make good decisions. It’s not the only thing that’s required for success, but we tend to take the process of making decisions for granted… and we really shouldn’t. There’s a lot of research that shows how we all suffer from bias and how complex decisions, especially within team-based environments, end up being “poor” around half the time.

Half.  The.  Time.

That’s why we’ve invited executive coach and decision-making guru, Andrea James, to deliver a webinar on how better decision making can improve project portfolio performance. It’s an action-oriented webinar, one that asks, “What can I do tomorrow, without spending half-a-million-dollars, to make a real difference?”

Download Sample Criteria for Project Prioritization