As organisations and shareholders strive for better business results in today's economic environment, the role of Programme Management Offices (PMOs) has taken centre stage in maximising the value of every investment. PMOs are now being challenged to go beyond traditional project tracking and reporting, with a strong emphasis on delivering measurable business outcomes.
Historically, programme management strategies followed a hierarchical and rigid approach, restricting flexibility and responsiveness. However, a new paradigm has taken shape, emphasising a more collaborative and inclusive method involving all stakeholders in decision-making. By embracing this approach, a sense of ownership and accountability is nurtured among team members, paving the way for improved outcomes. The focus now lies on establishing a more agile and adaptable framework that can effectively navigate the complexities of dynamic programmes.
THE EVOLUTION OF PROGRAMME MANAGEMENT APPROACHES
The evolution of programme management has witnessed distinct phases, each with unique characteristics and roles. In the dynamic realm of business, project management plays a pivotal role in guiding organisations towards their goals and maintaining their competitive edge.
Tactical project management carries out daily tasks with precision, ensuring projects stay on track, meet deadlines, and adhere to budget constraints. This approach excels in time-sensitive ventures like software development and product launches, employing meticulous planning and a structured approach.
Transitional project management, on the other hand, emerges as a beacon of adaptability during transformative journeys and fosters communication and collaboration, bringing stakeholders together during mergers, acquisitions, or reorganisations.
This story is from the Nov 2023 edition of The Machinist.
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This story is from the Nov 2023 edition of The Machinist.
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