THE ALARMING REALITY
As we analyze the information presented, we found there were some alarming statistics that organizations are citing that showcase the need for a more defined and aligned PMO function in the organization. The below insights highlight the need for improved business alignment and adaptability to solidify the PMO as a value center of excellence in an organization.
DECREASE IN ALIGNMENT TO BUSINESS PRIORITIES FROM 2021 TO 2022
The pandemic escalated the need for organizations to focus in on business priorities with little resources, but as we navigate the business environment after the pandemic, PMOs can’t let the importance of adaptability and strategic alignment slip.
ORGANIZATIONS AREN'T USING STRATEGIC INSIGHTS TO PRIORITIZE PORTFOLIO
Businesses that aren’t leveraging strategic insights to prioritize their portfolio are seeing greater disconnect in PMO performance and business success. Success starts at the beginning and the PMO must prioritize the portfolio that will deliver on the desired business objectives and continuously reassess to adapt to changes.
ORGANIZATIONS CONTINUE TO NOT HAVE ENOUGH RESOURCES FOR DEMANDS
We continue to see resource management as a top challenge and it’s no surprise that organizations are citing the gap in resources being able to meet the demands of the business. That said, with real-time resourcing information organizations are empowered with insights to prioritize the projects that resources will be able to execute successfully even as priorities shift.
PROJECTS CONTINUE TO FAIL YEAR OVER YEAR WITHOUT ALIGNMENT
This statistic continues to be above 50% and a lot of it correlates to the challenge of prioritizing the right projects as business priorities change. With 42% citing saying “no” to projects as their top challenge with prioritization, it’s no wonder organizations are seeing projects fail. Maybe those projects shouldn’t have even started in the first place. Ensure all projects are aligned to the business initiatives your executives and organization have set out to accomplish even as those change.