Author: Tad Haas
Tad Haas, Executive Vice President, edison365. As a passionate technology evangelist, experienced change agent and business builder, Tad gets to work with some of the best companies in the world, every day. Sharing how innovators are making a difference in manufacturing, engineering, financial services plus health and life sciences are some of the transformation stories he likes to tell. A long tenure at Microsoft helped him see what it means to transform and deliver at scale. He often speaks on topics ranging from “Art of the Possible…”, “Uncovering Your Innovators” or broad topics like Employee Engagement. As a 20+ year member of Project Management Institute (PMI) he always strives towards the full picture of Strategy > Ideation > Justification > Delivery and Outcomes. For fun he can be found on two wheels - motorcycle or bicycle and is constantly trying to improve his art and science around home roasting coffee.
How Innovation & Portfolio Management Office Underpins Corporate Success
Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 0.75 PMI® PDU in the Strategic category of the Talent Triangle. Event Description: In today’s climate, the need to accelerate business transformation is seen as essential to underpin long term success. With a much higher rate of churn, a singular focus on successful project delivery is no longer enough to secure an organizations long-term position in the market. With innovation, PMO is perfectly placed to evolve into a strategic enabler, accelerating the end-to-end business transformation process from strategy through to Innovation and Portfolio Delivery. Leveraging Office 365, edison365 enables organizations to crowd-source ideas, rapidly justify business cases as well as swiftly implement projects. Join edison365 for this informative webinar as we discuss successful business transformation with Office 365 and the wider Microsoft Stack. During this webinar you will learn: • How to increase and accelerate innovation in your organization. • How improved portfolio prioritization improves your project delivery performance. • How to better govern benefits management; from business case to realization. • How you can benefit from governance, oversight and end-to-end management information. Download the white paper from edison365 Presenter Info: Tad Haas, Executive Vice President, edison365 – As a passionate technology evangelist, experienced change agent and business builder, Tad gets to work with some of the best companies in the world, every day. Sharing how innovators are making a difference in manufacturing, engineering, financial services plus health and life sciences are some of the transformation stories he likes to tell. A long tenure at Microsoft helped him see what it means to transform and deliver at scale. He often speaks on topics ranging from “Art of the Possible…”, “Uncovering Your Innovators” or broad topics like Employee Engagement. As a 20+ year member of Project Management Institute (PMI) he always strives towards the full picture of Strategy > Ideation > Justification > Delivery and Outcomes. For fun he can be found on two wheels – motorcycle or bicycle and is constantly trying to improve his art and science around home roasting coffee. Have you watched this webinar recording? Tell MPUG viewers what you think! [WPCR_INSERT]
The Need for an Innovative PMO
Business transformation is the lifeblood of every enterprise today. Without a constant flow of innovation, no company can expect to prosper – or perhaps, even survive. How should an organization manage business transformation? Who should be responsible for it? How will the team responsible know what projects to work on? These are questions that businesses ponder during our times of rapid change. Many Fortune 500 companies have learned the hard way that standing still is no answer to a business world in flux. Traditionally, the department managing the flow of projects, including innovation initiatives, is the Project or Portfolio Management Office (the PMO). According to the Project Management Institute, 71% of companies have a PMO, a steady rise over the past ten years. Other recent surveys suggest that 90% of large enterprises, 88% of midsize companies, and 61% of small companies now have a PMO, too. The PMO’s role is based on controlling the delivery of projects to tight planning and budgetary cycles, as well as ensuring enough resources are in place and enough time is allowed for execution. Additionally, the PMO goes about getting the right forms filled in or gathering the correct numbers required for reporting. PMO culture, where project managers are usually trained to be steadfast and compliant, rule setters, and followers, and often report to a midlevel executives, can feel like it is one of contradiction with the more fluid innovation focused environment of today. To date, PMO culture has been one that does not seem to encourage thinking outside the box or taking on the risk of failure. Above all, it does not embrace the uncertainties of digital disruption or the global economy. Perhaps the answer to this dichotomy lies in creating a hybrid. One that allows for the flow of innovation to align with the structure of the traditional PMO. In essence, we’d have a team that could provide value in the most efficient way by applying the same steps of innovation to designing project portfolios. There is an opportunity to create an Innovation Project Management Office (IPMO). With relatively little investment and operational disruption, the IPMO would ensure that experimentation flourishes, the right business ideas move forward, lessons are learned, change is measured on a long-term basis, and innovation and transformation become properly aligned to corporate business strategy. Watch my on-demand webinar, How Innovation & Portfolio Management Office Underpins Corporate Success, to explore the topic more.