pmi powerpoint template maximum 2 lines, arial 28pt … of focus linking to the success of portfolio...
TRANSCRIPT
HOUSTON, TX, USA | 5–8 NOVEMBER 2017
#PMOSym
PMO17BR306
Delivering Strategy in a Changing Environment Through Effective Portfolio Management
Tasha Sawchuk, Senior Manager, Group Programs & Projects
Etihad Aviation Group
Agenda
2
1. Brief about Etihad
2. Key objectives of the Group Programs & Projects Department
3. PMO structure
4. Overview of portfolio management in Etihad Airways
5. Managing the changing environment through portfolio management
6. Action plans for leaders
The Group Programs & Projects Team Ensures Strategic Alignment
and Maximum Return on the Etihad Portfolio of Change Initiatives
4
KEY OBJECTIVES
1. Build and sustain mature portfolio, program and project management
capability across the group
2. Provide accurate and timely information to facilitate leadership decisions on
prioritization, risk management and deployment of resources across the
portfolio of change initiatives
3. Support the business and project management community to deliver programs
and projects within time, cost and quality constraints
MEASURES OF SUCCESS
1.Benefits realization
2.Return on investment
3.On-time delivery
Group Programs
& Projects (PMO)
The PMO is well positioned...
Ensures business investment is spent
on the things that deliver strategic
outcomes
Is immune to divisional
agendas
Group CEO
Able to escalate to C-level and Board for decisions, priorities, risks,
issues and changes to the portfolio.
How Is the PMO Set Up to Support Strategy Execution?
Portfolio Management
Best Practice & Continuous Improvement
Methodology & Reporting
(Governance, Process &
Procedures)
Portfolio Management:
• Portfolio selection
• Portfolio prioritization
• Portfolio funding
• Portfolio success factors (benefits performance)
Methodology:
• Governance models (waterfall, agile)
• Templates, tools, standards
• Executive reporting
Best Practice and Continuous Improvement:
• Mentoring and coaching
• Lessons learned
• Project quality standardsProgram/Project
Delivery
Showing the Success for Portfolio Management
Group Programs and Projects provides real-time reporting to the portfolio management
team to support executive decision making
Prioritization of new initiatives against existing portfolios
Budget and benefits
Schedule deviations
Areas of Focus Linking to the Success of Portfolio Management
Release Notes
communicate new Innotas
functionality to end users
and stakeholders
Building a PM Network:
PM Champions 2016
The Project Management
Capability Pathway
PME participants practice using
a product breakdown structure to
define project scope.
Continuous Improvement
Enhancing the Etihad P3 ModelPortfolio, Program and Project Management
Frameworks
Training drives
improvement across
all 10 Knowledge
Areas
Results of Portfolio Management
Group Programs and Projects provides monthly KPI updates
Return on investment
Benefits performance
Schedule performance
ROI
70%
24%
+46%
NOW
THEN
+35%
19%
-16%
BENEFITS
60%
40%
+20%
SCHEDULE
As a business leader and sponsor of several critical and strategic projects, I am focused on maximizing business performance and am concerned with ensuring my team have the tools and ‘know how’ to get results.
I see a need for good governance to ensure we remove or reduce the risks to our business and at the same time our processes need to enable rather than slow the pace of positive change.
The PMO have been able to strike the right balance with portfolio management, as it has allowed my team to have regular and focused discussions on what matters most, provides us with clear informationon what is going well and where we need to improve and support the project to deliver.
I now have a better understanding and more confidence that what my team are working on will be the things that support our strategic goals and KPIs.
So what do they say?
“
”
Peter Baumgartner
CEO Etihad Airways
Managing a Changing Environment
1. Keep dialogue continuous to ensure strategic alignment• In the case of Etihad, a portfolio management meeting was established
2. Ensure the validation of strategy is continuous by aligning and prioritizing
Strategy Realization
Business Area
Review and
Definition
Measure Benefits
• Alignment and Prioritization
• Measurement and Re-balancing
Consolidated
Reporting
Project
Reporting
Corporate Common Process
Confirm Plan to Actual
Project Ideas
Strategy
Action Plans for Leaders
1. Executive commitment: challenging, but true
2. Mature project management in place
3. Determine strategic alignment of programs and projects
4. Show progress against strategic objectives quickly; don’t wait until delivery
The journey of establishing portfolio management is continuous… the journey never ends.
Some critical first steps are the following: