“Companies that add a CPO position see the role as a way to ensure that the organization’s projects and portfolios are aligned with its strategic goals. The CPO is expected to align the company’s project portfolio with its strategic plan, and to evaluate potential conflicts or redundancies between existing or proposed projects”. – Angela Bunner for Clarizen
Well said. Here at PMO Advisory we describe the Chief Project Officer’s main responsibilities as to:
- Focus on achieving strategic business objectives through projects, programs and portfolios
- Ensure key projects and programs support the right business goals
- Balance risks with rewards
- Link projects with the business strategy
- Drive efficiencies and linkages between projects
- Manage resource requirements across the portfolio of projects
- Make sure each project has an effective leader/project manager
- Implement or oversee appropriate project management methodology
- Oversee and control all changes to project scope
- Strive toward achieving execution excellence
Another view on the Chief Project Officer from the context of “value” of the role comes from Australia where Lynda Bourne for Mosaic Projects blog writes:
The CPO role is becoming more common and defining the value proposition for this executive will be critically important to the improvement in delivering value through projects and programs. One of the key initiatives a CPO can use to drive continuing improvements within the organization is to develop a focus on process improvement using an effective maturity model. PMI’s OPM3 is probably the best tool from the perspectives of rigor and its focus on projects, programs and portfolio management.
The Organizational Project Management Maturity Model or OPM3® is a globally recognized best-practice standard for assessing and developing capabilities in executing strategy through projects via Portfolio Management, Program Management, and Project Management. It is published by PMI. What Lynda Bourne suggests makes sense as OPM3 provides a method for organizations to understand their Organizational Project Management processes and practices, and to make these processes capable of performing successfully, consistently, and predictably. The Third Edition was published in 2013 and recognized by the American National Standards Institute (ANSI) as an American National Standard ANSI/PMI 08-004-2013.
We invite you to join us in exploring all of this and more on February 20, 2019 in a free 1 hour webinar titled, “Emerging Role of the Chief Project Officer”. Click here to learn how you can listen in and or join in on the discussion!