The PMO Value Ring is an innovative methodology developed by the PMO Global Alliance to support the creation, revision and operation of PMOs.
A group knows more than the single most experienced expert and that’s what we get when more than 100 professionals developed the PMO Value Ring. At this moment, the PMO Value Ring is being used by more than 2000 PMOs across more than 70 countries. Starting point for the PMO Value Ring is a benchmarking database build around 26 potential PMO functions and 30 potential benefits and includes recommendations and action plans.
The PMO Value Ring is based on eight steps (see picture):
- Define PMO functions
- Balance the mix of PMO functions
- Establish PMO Processes
- Define PMO KPIs
- Define PMO headcount and competences
- Identify the PMOs maturity and plan its evolution
- Calculate PMO ROI
- Monitor the PMO’s performance
The demo version of the PMO Value Ring gives a good overview of the tool. You get insights in the potential PMO benefits, potential PMO functions, recommended PMO processes (including activities and descriptions, responsibilities), PMO KPIs (objective and calculation formula, how to measure, related activities and goal), the maturity assessment (explanation of the PMO maturity level by function, current and target level), et cetera.
See for detailed information: www.pmovaluering.com. Here you can set up a demo account too. Trainer and consultant certifications are available.
Conclusion: looks like a great tool to help you to set up or evolve your PMO to the next maturity level. As described it’s much more than a maturity assessment. It will help you with the creation, revision and operation of your PMO.
What I haven’t found is the relation with agile developments. What are the consequences for a PMO if the organisation implements permanent agile teams? What does that mean for PMO processes, PMO KPIs etcetera? Having permanent self-organizing agile teams means you must bring the work to the teams instead of moving people to the work and as a consequence there will be less projects. Decision making will, where possible, be decentralized. These agile developments will have a big impact on the PMO functions and activities. Maybe something for the next version?
Excellent initiative, thanks for sharing.
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Here is a great resource to practice for the PMO-CP exam