Program Management Best Practices
Report Summary
June 2016 - The pace of change across the industry will continue to require companies to conduct large, complex strategic initiatives to remain competitive. However, these multi-year endeavors are difficult to successfully orchestrate and execute. The implementation of a strong program management capability can significantly improve the firm’s likelihood of success for benefit realization of large initiatives. This brief checklist offers a range of best practices to help CIOs and their business partners successfully implement strategic programs.
The Checklist
- Define the program
- Enable the Program Management Office (PMO)
- Create a portfolio management capability
- Assess and enhance project management capabilities
- Enable planning agility
- Establish a disciplined governance process
- Enable a culture of change and adaptation
- Bonus Best Practice: Establish a P3M Office (Program, Portfolio, and Project Management)