Years ago, organizations created Project Management Offices (PMOs) to guide and lead their project teams through the challenges of the day. But the business environment has changed since then and PMOs are struggling to be relevant. The rate of change is accelerating, complexities are increasing, and available resources decreasing. To address these challenges PMOs must evolve into Value Management Offices (VMOs).

Where PMOs focus on governing and leading project teams, VMOs govern and guide initiatives. Similar on the surface, the shift from managing projects to delivering value requires new ways of thinking and working. This presentation works through why your PMO must evolve, how a VMO is different, and how to safely get there.

Takeaways:

• Recognize the factors that are driving PMOs to evolve into VMOs
• Understand why traditional PMO strategies are insufficient to address today’s challenges
• Describe the aspects of a VMO and how they address those challenges