For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
The task of integrating a Project Management Office (PMO) in an agile environment could prove difficult, but if done with thorough research and implementation, it can substantially improve efficiency in project execution and production, lowering costs and
reducing risks for the organization.
In order to do this, there first has to be complete support from the core team as well as senior management. For example, at a large bank that I worked with, we got buy-in all the way from the senior board to operations in establishing a PMO for a consistent
approach to managing multiple projects enterprise-wide. An established PMO could face major resistance if it has not gained top-down support. This can often be challenging and is especially so in an agile environment where teams are more tightly controlled
and agile reporting is communicated aggressively and continuously in real-time. The best way to avoid killing the PMO in its early stages is to show value quickly and engage senior management in the process of reenforcing a support culture.
Read the full article on Forbes https://www.forbes.com/sites/forbesfinancecouncil/2018/06/13/the-many-benefits-of-an-agile-pmo-what-you-should-know/#5f922b87650f
CEO | Thought leader in Bank Risk & Regulations
Bonova Advisory | Risk &Regulatory Advisory
06 Sep 2017
This post is from a series of posts in the group:
A community for discussing technology trends, views and perspective in global transaction banking