The business environment is never static: Markets grow, regu- lations change, technology evolves. Strong leaders know that he ability to rapidly develop and execute strategic initiatives
separates the heroes from the ho-hum. And many leaders turn to
their organization’s project management office (PMO) to manage
change and deliver exceptional value.
The three finalists for the 2014 PMI Project Management Office of
the Year Award showcase the power of PMOs across very different
fields: energy, economic policy and healthcare. Through close process oversight and by choosing the right practitioners for each project, one PMO helped its organization meet tightened environmental
regulations on time while saving millions of U.S. dollars. Another
finalist steered a country’s central bank through major economic
challenges by establishing a results-oriented culture and overseeing
projects that ultimately tamed sky-high inflation and interest rates.
Responding to sweeping changes in the U.S. healthcare industry and
the most aggressive growth goals in its organization’s history, a third
PMO provided a scalable, repeatable project management foundation to handle rapid portfolio growth and a large-scale initiative to
integrate two companies.
Thanks to steady executive-level sponsorship, these three finalists
strategically aligned portfolios and raised project management practices to the next level to ensure their organizations came out on top
in a world of constant change. In the coming months, PM Network
will give you an in-depth look at each PMO, complemented by videos
on PMI’s You Tube channel.
Buffeted by change, three organizations looked
to the project management office to turn strategy
BY JEREMY GANTZ
FINALISTS PMO OF THE YEAR