More PMO heads will measure effectiveness on business results.
While introducing tools, using methodologies, mapping project management practices, sending project managers to training, and increasing the number of professional PMs in the organization are important metrics for a PMO head to collect and report on, they do not speak to the effectiveness of the PMO from a business perspective. To judge business effectiveness, PMO heads will determine if their work has had a positive, quantifiable effect on the business in terms of troubled project reduction, correlation to achievement of key business results, lower project manager attrition, and faster time to market. In 2014 the practice of measuring the outputs, not the inputs, of project management will gain further traction.
Daptiv, a leader in project portfolio management (PPM) software, recently announced its top predictions for project portfolio management (PPM) in 2014. Organizations that thrive in the current economic environment are those that are on top of the latest trends. Daptiv predictions focus on enterprises spearheading the creation of strategic PMOs, influenced by the reliability of benefits forecasting.