Identify Value Streams – Many organizations miss this effort and tend to align their teams work around smaller application or component levels rather than aligning your Portfolio work from the broad perspective of the entire Value stream. This is often talked about as going from Concept to Cash as quickly as possible. The PMO can ensure that as new ideas come into the Portfolio funnel that they align to the organizational value streams.Ĥ. ![]() Develop a value based Portfolio Valuation model – This is critical and becomes a key activity for an Agile PMO. They should oversee the overall portfolio of product work and ensure that ideas that the organization has are run through a valuation model (which should provide guidance to what score moves work down to the teams). The Agile PMO ensures that the most valuable work is prioritized at a Portfolio level (meaning work that is identified at least 1 release time period out). This provides visibility to the Product teams what is coming so that the can be prepared when they move into their next planning cycle. Teams focus on creating roadmaps that identify the most valuable elements of the valuable work. The PMO is then focused on reporting on progress towards smaller MVP objectives over large multi-month/year initiatives.ģ. Projects are used to convey the ‘cost’ of something so technically you could have more project cost than you have in fixed people cost due to people working on many different things. Moving to team funding means that you have a fixed budget to work from and then shift your focus to value over project cost. Accountants will still be looking for how they can assess what can be capitalized and in Agile that is fairly easy, for every story that we do most tools allow us to assign some identifier if this is a new feature (capitalized) or support (expense). Each team will have different ratios depending upon their product maturity. If the organization is really focused in on Cap/Opex then the PMO can provide oversight and reporting on a regular basis You can read my post on this topic here.Ģ. Move from Project to Team based funding – The reality is that you are paying people to do development and the context of funding projects does nothing to manage your underlying costs. Some of the key changes the organization must make include:ġ. More to the point, with the various frameworks that we utilize in Agile, the project management functions are imbedded into frameworks such as Scrum and SAFe. Adding project managers to this mix causes confusion as they will look for something to manage when there is no need for that at the team level I will argue that a PMO capability may still needed, however the focus of this function changes very significantly due to the major changes we need to implement with Agile. One of the biggest changes waterfall PMO’s face is that the very things they feel they do best, manage budgets and (gulp) resources and timelines goes away in an Agile delivery model. ![]() ![]() ![]() I would argue that yes the waterfall PMO structure is no longer needed, however for any organization of any size some level of oversight/governance regarding what work is flowing to our Product team is probably still required.Īgile expects that we focus on delivering value in short time periods for the benefit of the organization, which is directly opposite the expectations of a waterfall PMO. In waterfall we assign an individual (project manager) to a time boxed effort that has been ‘funded’ by some part of the organization. This project has been created with an agreed upon set of requirements with all of them having essentially equal prioritization and perceived value. The PMO and Project Manager are then responsible for ‘delivering’ this project on-time, in scope and on budget and almost all reporting from the PMO is related to those three things. When we move to an Agile delivery model there is an assumption from many in the Agile community that the need for a PMO type function goes away.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |