Nowadays, organizations are very serious about delivering on the project variables. The management and the shareholders are demanding it and that is where P3O assistance or guidance is highly required.
What is P3O Assistance or Project Office Assistance?
P3O assistance refers to the process of offering the necessary support for deploying change. It offers project managers or project stakeholders a guidance on how they can establish, develop and also maintain a decision-making structure as well as an enabling structure or even a management environment that will help in facilitating change in the organization.
What P3O Looks Like
P3O can be deployed either in a single office or on multiple linked offices to offer a project assurance and strategic role in the project execution. With the project office, it is possible to have several office types. Senior managers can apply the portfolio office in gaining a panoramic view of risks, benefits, conflicts as well as progress of their portfolio investments. Check out http://www.rossgarland.com/
Generally, it goes hand in hand with the governance education. Organizations must focus on developing a project governance framework that will help in improving the portfolio, the project as well as risk management through a set of best practices and training amongst other initiatives. Temporary offices can be set up in order to support the projects and programmes execution.
Which Project Office Model to Use?
The kind of model to use will depend on a variety of factors such as the mission of the organization, the size of the organization, goals as well as the maturity. The choice of model, the pace of project design as well as the staffing questions will depend on all of these factors. P3O requirements vary based on the size of the organization. A smaller organization may only require a single P3O expert while a larger one will require multiple experts to help with the successful project execution.
How Will Your Organization Benefit?
For most companies, deploying p3O assistance in the project management is about taking care of the business bottom line. Through P3O, these businesses will be able to focus on the right projects or programmes that will offer them the best ROI and also ensure that these projects are done the right way. P3O implementation in organizations leads to greater efficiency as well as consistency in the project delivery helping you save on both time and costs. Programs that are managed under P3O are predictable and have a degree of stickability. It also enables the organization to manage change while also balancing that with the business-as-usual side of things in the business.
When P3O is implemented the right way, it is possible to escalate success or failures in the execution to a level where the management can make the right calls early enough with regards to the trajectory of the project and this always boosts the prospects of project success.
P3O provides for repeatability in project success. Senior managers can fully understand the structure of how they were able to meet their strategic objectives and they can re-deploy that in other projects in order to get maximum ROI.