A good PMO is efficient in extending crucial data governance capabilities to execute key initiatives that are in providing visibility and recognition to the teams. PMO is the driving force behind the merging of the data resources required in an organization.
To implement major strategic initiatives, identifying and understanding governance is pivotal. In this article at Information Management, Syed A. Fazal explains that the PMO plays a major role in establishing and developing data governance for the organization.
Data Governance Strategy
Being the core foundation of an organization, data governance strategy leads to addressing the way a project or a program should be run. As the PMO helps in developing and establishing data governance, he can lay out a map for projects and programs to move ahead while measuring the likely benefits and signifying clarity of purpose. However, to create effective governance, here are the four pillars a PMO needs to address:
- Policies & Procedures: The PMO needs to establish governance to help all project and program teams follow guidelines and subside compliance or audit issues for the organization. This means policies and procedures are essential for data governance to bring out clear guidelines for project and program execution in the organization.
- Tools & Templates: These are the foundation of a PMO as without tools and templates, data quality, brand value, and brand recall suffer. A deep-rooted PMO can influence in developing standardized tools and templates across the organization. It may also provide guidelines on how the tools and templates can be used to meet the organization’s needs and demands.
- Communication Framework: Passing on information and status quo is crucial to a data project. Communication is key to connect stakeholders with the initiatives documented by the PMO. Once all the teams including key stakeholders are identified, the next step is to determine the piece of information that needs to be shared. Once a framework is established, the PMO may manage and report the project status.
- Resource Strategy: If funding is imperative to the project, a well-designed resource strategy is vital for project success. The PMO needs to work with the project teams to identify upfront details like the number of people involved, talent critical to the project, and levels of experience required.
Click on the following link to read the original article: https://www.information-management.com/opinion/how-a-project-management-office-can-steer-data-initiatives-to-success