A data-driven approach is the only way for a PMO to thrive in today’s complex business environment. Discover how data helps PMOs deliver real value.
If you want your PMO to thrive in an increasingly complex business environment and deliver real value, only a data-driven approach will get you there.
Technology provides the foundation for your transition towards a data-driven future, but this is just the beginning of the journey. Start by addressing the fundamentals:
Choose project and portfolio management tools that integrate seamlessly with your company’s digital enterprise stack. If your organisation uses Microsoft Cloud, make the most of the Microsoft Power Platform which integrates with your existing tools and promotes optimum user adoption.
As with any change project, get senior sponsorship and ongoing engagement: only when leadership uses portfolio data, will they understand what data is truly needed for higher quality decision making. Moreover, once the data gets used, any data quality gaps will be surfaced.
Equip and enable your team through training on data-driven approaches and tools. But coach your executives too: Don’t just publish some dashboards to them, help them understand how they can interact with them to give them the information they need.
Actually use portfolio data whenever you can e.g. by running review meetings with live dashboards rather than Power Point decks.
Communicate how the data is being used: help project teams buy into the process and cooperate with it because they understand why it is important.
Demonstrate the benefit: Explain how this new data has delivered benefit and supported better results; doing so with stories is even better.
Make sure you have clear roles assigned for process ownership and PMO governance and actively manage this as a journey of continuous improvement.
With these measures, you can create positive momentum towards a data-driven culture for your PMO and create the foundation for truly insights-based project and project portfolio management.
Power Framework applies the limitless capabilities of Microsoft’s Power Platform to manage demand, strategic execution, project status, resources, milestones, risks, project documents and much more.