Project and Change Management is a critical issue for companies dealing with transition or transformation in terms of goals, organization, processes or technologies. And every company shall always be dealing with this kind of themes. That would mean it is constantly growing.
Thus, at Valuement, we have developed a systematic approach to planning and implementing effective change that allows us to control and ensure the adaptation of the operational model.
Industry statistics show that only 30% of organizational change initiatives are successful
There are many cases that prove the benefits of a PMO or Project Management Office. Indeed, companies with a strong focus on PMO & Change management are able to deliver the 64% of their projects on time, compared to the 36% of companies without it.*
The Project Management Office works on standardizing processes, improving efficiency and maintaining project management standards across the organization.
PMOs process and update project documentation and best practices, track metrics, and offer training. They may also report project’s progress to executives and stakeholders, help prioritize projects and ensure that all projects are in line with the overall business objectives of the enterprise.
The PMO is the keeper of documentation, guidance, and metrics for project execution, ensuring projects are completed on time and on budget.
We can confidently say that most PMOs act as the backbone of a successful project management strategy in any organization. Most of them provide a bundle of critical services to their employer, such as:
Involvement in all stages of the project
Change Management – within the context of project management – deals with anything that transforms or impacts projects, tasks, processes, structures, or even job functions.
Therefore we can define Change Management as the set of skills tools and processes you use to manage change within a project and its project team. More often than not, change management refers to overseeing your team to successfully incorporate change into their work, in order to achieve the overall project objectives.