Homeinsightsmaking your PMO and portfolio management more useful and efficient than ever before
governance & service management
making your PMO and portfolio management more useful and efficient than ever before
Habib Lopez & Alain Geerts · September 11, 2023
In an increasingly complex and digital world, businesses face unprecedented challenges that require agile and efficient project management. The role of the PMO and project portfolio management is more crucial than ever to navigate this environment and lead organisations to success. But in a context also marked by increasing project complexity and rapidly evolving technologies, what are the keys to making PMO and project portfolio management not only useful, but also extremely efficient?
Here are five key factors to transform your PMO and portfolio management into a key driver of success for your organisation:
strategic alignment
Portfolio management must be integrated into the organisation’s strategy. This strategic alignment ensures that the projects supported by the PMO are related to the long-term objectives of the company. To achieve this, the PMO must understand the company’s objectives, define a clear roadmap for project portfolio management and ensure that each project contributes to those objectives.
technology adoption
In the digital age, the effective use of technology is crucial to a PMO’s success. From digital project portfolio management tools to collaboration platforms and data analytics software, adopting the right technologies improves productivity, facilitates communication, and enables more robust data-driven decision-making.
methodological flexibility
the PMO must be able to adopt and adapt to various project management methodologies. Whether it is traditional approaches such as Waterfall or agile methods such as Scrum, the ability to choose the right methodology for each project is a key factor for success.
adequacy of PPM tools
The success of PMO and portfolio management also depends on project managers’ thoroughness and adherence to best practices. It is essential to invest in continuous training to develop their skills in project management, leadership and the use of portfolio and project management tools.
performance measurement
Finally, a PMO must establish clear and relevant performance indicators to assess its effectiveness and that of portfolio management. The performance measures, or KPIs (Key Performance Indicators), must be related to the organisation’s strategic objectives and allow for an objective assessment of the project portfolio management.
These five key success factors, when effectively managed and combined, enable a PMO and project portfolio management to meet the requirements of today’s context and bring real added value to the organisation.
The authors of this insight are Habib Lopez – Head of Barcelona office and Alain Geerts – Head of Governance & Service Management at Itecor.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
__hssrc
Session
This cookie is set by Hubspot whenever it changes the session cookie. The __hssrc cookie set to 1 indicates that the user has restarted the browser, and if the cookie does not exist, it is assumed to be a new session.
_GRECAPTCHA
5 months 27 days
This cookie is set by the Google recaptcha service to identify bots to protect the website against malicious spam attacks.
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
CookieLawInfoConsent
1 year
CookieYes sets this cookie to record the default button state of the corresponding category and the status of CCPA. It works only in coordination with the primary cookie.
JSESSIONID
session
New Relic uses this cookie to store a session identifier so that New Relic can monitor session counts for an application.
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
__hssc
30 minutes
HubSpot sets this cookie to keep track of sessions and to determine if HubSpot should increment the session number and timestamps in the __hstc cookie.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
__hstc
1 year 24 days
This is the main cookie set by Hubspot, for tracking visitors. It contains the domain, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session).
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga_*
1 year 1 month 4 days
Google Analytics sets this cookie to store and count page views.
_ga_JYCPSB48B8
2 years
This cookie is installed by Google Analytics.
_gat_gtag_UA_*
1 minute
Google Analytics sets this cookie to store a unique user ID.
_gid
1 day
Google Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
CONSENT
16 years 2 months 25 days 10 hours
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
hubspotutk
1 year 24 days
This cookie is used by HubSpot to keep track of the visitors to the website. This cookie is passed to Hubspot on form submission and used when deduplicating contacts.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Cookie
Duration
Description
IDE
1 year 24 days
Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
test_cookie
15 minutes
The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE
5 months 27 days
A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC
Session
YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices
never
YouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt-remote-device-id
never
YouTube sets this cookie to store the user's video preferences using embedded YouTube videos.