Strategy for PMOs Masterclass  

There are two types of PMO: project based, and strategy based. The tools they use, what they focus on, and how they are measured are quite different.

‘Strategic PMOs’ have been a topic of discussion for some time. Only the strategy-based PMOs are seen by the business as ‘successful’ and ‘valuable’. The Strategic PMO’s success is measured by how well they in optimize the overall portfolio.  

How do you become ‘strategic’? 

What must you do to shift your PMO from being project-focused to ‘strategic’? How do you get there from here? 

Till now, there has been no simple step-by-step approach that explains what to do, why, and how. To address the challenge, we’ve put together this Masterclass.

On completion of this masterclass, you will understand the following TOPics and how to apply them to your role and the PMO function.

1. What is strategy - an overview.
2. How 'Strategy execution can be simple".
3. The six roles of a PMO, and which are 'valued' by the business and why, and which are not.
4. How to validate the feasibility of a strategy.
5. How to generate an effective strategic contribution assessment tool, that equips you to score the strategic relevance of each project, and also to track your strategy's execution.
6. How to prioritize your corporate plan, even with minimal information.
7. How to enable your strategy to ensure its successful execution.
8. Where the value goes on projects (how it is missed, lost or destroyed).
9. How to track and measure the execution of each strategy for reporting purposes.

Becoming a Strategic PMO is a process, not a status. In this Masterclass we step you through the journey.  Even if your organization does not have a formal written down strategy, it is no impediment to becoming a Strategic PMO. You can take the sessions at your own pace and in any order.

What you will learn:

1. Understand how 'Strategy Execution can be Simple". When you understand the strategy execution process, you can identify your role in relation to this process.
2. How to survive as a Strategic Portfolio Management Office by using the TOP Portfolio Management Value Pyramid model to explain the nature and relative value of each of the PMO roles.
3. Understand what a ‘strategy’ is—without getting caught up with theoretical models and intellectual debates.  Then, before you execute a strategy, how to validate if it is implementable. (The PMO should not be held accountable for a strategy that is set up to fail.)
4. How to define your PMO’s operating model – how you will  operate as a Strategic PMO.
5. How to take control of your organization’s strategy execution by generating a “SAT” (Strategic Contribution Assessment Tool) to measure the exact strategic contribution of each project and program. (This is one area where most organizations fail, which means they are not in control of their strategy’s execution.)
6. How to use four key pieces of information to prioritize your organization’s portfolio from the corporate plan, even when many initiatives may barely more than ‘ideas’.
7. How to enable the strategy’s execution by focusing on four critical areas. We explain what they are, and how you can easily see if they are adequate and appropriate. Meanwhile, you need to keep an eye on all of the dimensions of the TOP PMO Value Pyramid.
8. The principal ways in which projects miss, lose and destroy value – on both the cost and value sides – that result in most projects delivering less than 50% of the value they could have delivered.
9. Finally, how to track and report the strategy’s execution. (Being able to do this is rare in most organizations, but will confirm your status as a Strategic PMO.)

Subscription: USD$2,200 for 12 month's access.