Organisations are seeking more than projects simply being on time and within budget.
They must also offer value for the organisation as well as provide the organisation with a clear view of strategy execution.
A recent study completed by the Boston Consulting Group and the Project Management Institute; in the paper, Strategic Initiative Management – The PMO Imperative, advised:
“High-performing PMOs help enable the right level of engagement with senior leaders—which is critical for strategic implementation—through meaningful milestones and objectives, smart and simple routines that track progress without adding new burdens, the right talent, and an organization that supports change. Together, these form an interlocked set of capabilities that reinforce each other, leading to stronger performance. Building up these capabilities is not easy, but doing so is crucial.”