Let's take a couple of moments to talk about the fundamentals. A PMO needs to have some basic elements in place to drive the project portfolio. These elements include:
- A process for project presentation, prioritization, and selection.
- An understanding of budget and resource capacity of the organization.
- An understanding of the project demand
- The ability to measure and report upon project portfolio success.
- A continuous improvement process with metrics indicating the value of the improvement.
Without these key element, the PMO will end up like so many others after 3 years with no measurable way to indicate business value - Disbanded and disbursed.
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Welcome to the Healthcare IT Project Management Blog of Elyse Nielsen. This is the place where I share the ideas I have learned, the things I’d like to remember, and my thoughts for a brighter future. Find out more.
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