Having the right governance eliminates “second guesses” and reduces internal politics. By making often tough decisions and then adhering to them through execution, the project teams have a far higher probability of success.
Cedar Grove, NJ (PRWEB) June 07, 2016
Successful companies are those that execute well. Even companies that successfully execute a mediocre strategy will outperform companies that fail to execute great strategies. As portfolio management and governance gains momentum, it is becoming clear that it is a part of the core engine of achieving execution excellence. Execution can only be as good as the total team working towards achieving the goals, and portfolio governance, when done correctly, propels the collective of implementing projects in unison. On June 24, 2016 at Camp IT - Chicago, Prof. Te Wu is going to share his insights on how to create an effective IT Portfolio Governance.
Effective portfolio governance is more than selecting and approving the right strategy -- execution is where adherence to decisions really matters. By seeking to establish legitimacy of decisions through transparent and accountable processes, sound governance ensures that agreements survive behind closed doors. With inputs and support from the key stakeholders and through communication, training, and reinforcements, portfolio decisions especially with regards to allocation of precious resources can withstand internal politics and conflicts of interest. In short, effective governance creates organizational cultures well suited for business execution and improves the overall performance and resiliency in troubled times.
“With or without portfolio management, most executives strive to make the best decisions for their organizations,” stated Te Wu, founder and CEO of PMO Advisory. “After all, most executives are seasoned and well qualified to lead their organizations. Yet, studies clearly show firms with effective portfolio management processes are far superior in all measures. In my experience, the clear differentiator is portfolio governance. Having the right governance eliminates “second guesses” and reduces internal politics. By making often tough decisions and then adhering to them through execution, the project teams have a far higher probability of success.”
In his presentation, Prof. Te Wu will outline the importance of governance, provide a framework for establishing effective governance, and then walk through the key steps. He will speak on how having actionable goals, the right targets, a culture of mutual accountability, and a vibrant energy level is imperative to being execution-ready.
CAMP IT - Chicago: IT PMO / Portfolio Management
Title: Creating an Effective IT Portfolio Governance Management Framework
June 24, 2016
Donald E. Stephens Convention Center Rosemont (O'Hare) Illinois
Special: PMO Advisory negotiated a special rate with CAMP IT, use the link below and follow the instructions to receive a 10% discount for the conference.
Prof. Te Wu, PfMP, PgMP, PMP and PMI-RMP is the CEO of PMO Advisory LLC, a management consulting firm and a PMI Registered Education Provider (R.E.P.). As a training company, the firm is striving to be the most comprehensive project management training firm in the world offering certification training in Portfolio (PfMP), Program (PgMP), Project (PMP, CAPM, PRINCE2, and MSP), Risk (PMI-RMP), Agile (PMI-ACP, SCRUM), Service Management (ITIL series), and project management office (PMO) training.