Probably
the most valuable of all management office functions is its
ability to forecast. Forecasting portfolio performance is
essential to the project boards in helping determine prioritisation
decisions and reducing internal conflict. A key role for a
portfolio office is the assessment of the value of projects
in terms of desirability and do-ability. A management office
would almost certainly take responsibility (if not accountability)
for the development of project managers, project sponsors
and programme managers.
However,
the actual remit the function performs depends entirely on
the culture and sophistication of the project community within
the organisation. With this in mind, CITI's fast-start offering
employs a three stage approach:
Stage
1 - analysis of the current situation mapped to the impacts
and benefits the organisation desires from the establishment
of the management office. From this CITI recommends the 'best
fit' management office based on industry best practice together
with the required products set.
Stage
2 - establish the management office.
Stage
3 - manage the management and/or support and transfer
knowledge to the internal team.
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