As per a Forbes Insights survey, 92% of the C-suite think that their PMO can orchestrate a successful digital transformation. 90% believe that the role is going to garner more interest as systems become more advanced. In this article at Forbes, know what the C-suite can do to revolutionize the PMO position.
Supporting the PMO Role
A PMO can only establish policies and invest in digital initiatives if the C-suite executives support it. Not only is it about approving required changes, budget, etc. but also understanding the importance and creating an enabling environment. So, the PMO and the C-suite must collaborate to bring the desired changes. Following are the ways a CEO, CTO, and CFO can help PMO growth.
The CEO Role: There is a misconception that emerging technologies are going to take away human jobs. To prevent PMO from facing employee resistance, the CEOs must directly talk to them about the digital benefits. They can incentivize the use of new solutions or use those themselves to inspire the workforce. 84% of the respondents believe CEOs can implement change successfully in an organization through agile transformation and new technology adoption. WEX President and CEO Melissa Smith talks to employees regarding technology benefits, possible problems, and improvement in the work process. CEOs can encourage project managers to take up more roles like strategic head, creative lead, etc. Teams’ ability to see the bigger picture will ease the job of a PMO.
The CTO Role: New technologies can take care of old-school PMO processes. The CTO of your company can help PMO to leverage intelligent machines. Wipro CTO K. R. Sanjiv narrates the difference between project management of the older days and now. Before achievement was measured based on time and budget. Now, it is your innovative power. He is supporting managers to utilize new-age tools from mobile apps to cloud services. In fact, 8 out of 10 respondents believe that COO and CTO are the main drivers of change management.
The CFO Role: New technologies are yet to be trusted for largescale use. So, the majority of the PMO teams find it difficult to optimize operations with those. The CFOs can encourage the project leaders to take up a more decisive role in making strategic solutions. When they bring validate value addition of these technologies, CFOs make stronger business cases in front of the clients.
To view the original article in full, visit the following link: https://www.forbes.com/sites/insights-pmi/2019/03/15/the-c-suites-role-in-the-transformation-of-the-project-management-office/#4c90454c6e54