Next Chapter Meeting
Date:
Wednesday, 8 September 2010, 5:30pm for 6pm start
Location:
City West Receptions
45 Plaistowe Mews, West Perth
Guest Speaker(s):
Chris Bragg PMP, B.Sc.
Managing Director, Middle East
TenStep
Topic:
Project Management as a core competency for Strategic Success – enter the Strategic Project Management Office (SPMO)
The recent financial crisis induced some extensive soul searching in the business schools, governments and board rooms globally, asking questions about sustainability and successful execution of strategy, as opposed to just 'having a strategy'.
This has added volume and credibility to those voices (one of whom has been the PMI® itself) stressing that a sound strategy must incorporate both strategy formulation and strategy execution. In a more practical and immediate context, we are hearing more and more senior executives, high ranking government officials, and company owners, asking how they can improve their success rates with strategic execution.
We see increasing awareness and recognition that project management, the ability to make critical strategic changes happen as planned, is a core competency for successful strategy execution. This applies equally to internal projects (e.g. ERP implementations or restructuring) and external projects (for projectised organizations and the service industry)
This presentation presents a high level view of a simple, practical structure, the Strategic Project Management Office (SPMO) that has been developed by experience working to help organizations meet real practical needs, rather than on any business school theory. While it is honed by practical considerations, it has a solid base in 'state of the art' best practices. We make reference to a recent case study to illustrate the concept.
The SPMO combines the processes used to drive Strategic Performance Management and Strategy Formulation with the Project Portfolio Management and Project Management processes used to drive Strategy Execution in a way that avoids replication and redundancy.
Central to the idea (as in project management) is the need to maximise communication, consensus and commitment at all levels, and the notion that 'you can't manage what you can't measure'.
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