Portfolio and Project Management
Managing projects in today’s highly complex environment requires organizations to go far beyond traditional project oversight and develop a portfolio management approach. Traditional project management practices, which have been established to monitor projects, are not robust enough nor were they designed to deliver the business outcomes that have been promised. Without measurable business outcomes, projects risk losing credibility amongst stakeholders and overall value comes into question.
BMB Data has developed a breakthrough framework - Portfolio Management - Opportunities to Outcomes (PMO2™). PMO2™ helps organizations to advance their existing project management offices (PMO) into state of the art enterprise portfolio management offices (EPMO). PMO2™ enables an organization to gain visibility and manage the entire initiative lifecycle - from opportunities to final outcomes. By linking opportunities to outcomes, an organization can manage for maximum value. The PMO2™ framework also provides visibility of the core processes and roles that are required to produce the expected project outcomes.
PMO2 benefits include:
- Connect project outcomes to management and improve the alignment of organizational stakeholders in the process
- Makes more effective use of project resources
- Gating process controls risk and enables improved decision making
- Identifies required project management training
- Documents decisions, project milestones, deliverables and outcomes
The following services are provided to enable Portfolio Management Offices
- PM Maturity assessments - understand your organizations project management capabilities and develop a strategy to deliver better projects outcomes
- Portfolio and Project Management program design and delivery – Develop a winning design for a portfolio and project management solution
- PPM service and delivery model – develop a service model for an automated project and portfolio management service
- Project management services – deliver expert project management services
- Enterprise PPM Solution Implementation – implement a project and portfolio management solution.