Senior Project Manager | Portfolio | Program | Project Management | PMO
WHAT’S NEW FOR THE PMO? We’ve seen a lot of evidence that the role of the PMO has changed in recent years and the trajectory has continued to evolve in 2022. As we see it, PMOs are a business unit that enables an organization to create and maintain a more effective and efficient project delivery environment. But in today’s fast paced business environment, that task isn’t as straight forward as it sounds. Over the last few years, the top challenge for PMO leaders and project managers hasn’t changed. In this year’s survey, we continue to see project management professionals struggle to assign the right resources to the right projects at the right time citing resource management as their biggest challenge (52%). We also see that prioritizing which projects (22%) demand the time and attention of those resources continues to be a major challenge for the PMO as well. The report shows that an additional segment (16%) of PMO professionals continue to struggle with visibility and reporting indicating PMOs are still hindered with inadequate data and reporting capabilities. The least reported challenge, yet still important, is project financial management (10%) as project leaders are still expected to manage projects to a budget. In this survey, a number of alarming statistics came to light including: 92% of projects are not very well aligned with strategic business priorities 51% of project practitioners aren’t using strategic insights to drive project prioritization 58% of project practitioners have had a project fail in the past year 57% of PMO leaders cite the reluctance to change hindering their efforts to improve the function of the PMO About the report This report represents the findings from an online survey of 19 questions posed to portfolio management leaders, executives and project managers from August 2022 through December 2022. (by KeyedIn) #PMOTrends #LeadershipinPMO #projectManagement
Training Consultant at Freelance
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