Picture this: you’re driving down the highway of project management, and you have two distinct vehicles to choose from. In the left lane is the reliable, classic sedan known as the Project Management Office (PMO), a trusted companion on this journey for decades. In the right lane, the agile, high-performance sports car called the Value Management Office (VMO) is revving its engine, promising speed, adaptability, and a whole new level of value delivery.
As you navigate the twists and turns of the project management landscape, you face a critical decision: which vehicle should you choose to navigate your organization’s unique terrain? The PMO, with its proven track record, or the VMO, built for the fast-paced world of agile value creation? In this blog, we’re going to take you on a thrilling ride through the contrasting landscapes of PMOs and VMOs. Buckle up, because the choice you make could determine the success of your journey.
Peekaboo, We See You VMO!
You might think that VMOs are all the rage now, but let’s not forget our trusty old PMOs. They’ve been quietly working behind the scenes, chugging along like that vintage car your grandpa refuses to give up on. Sure, they might not be the flashiest, but they’ve got some serious mileage. Just because we start using the terminology of VMO, instead of PMO does it really make it any different?
Well, it depends really. Are you also changing the way you work? Let’s look at some notable differences between the two as a start. P.S. There is no right or wrong. It depends on the needs of your organisation.
We’ve worked with both. We’ve helped organisations build both and we’ve led both types. There are differences. Sometimes the difference is aesthetic (in a name) but when really thought through its deeper than that.
A Value Management Office (VMO) and a Project Management Office (PMO) are distinct entities within an organization, each serving different purposes and functions related to value delivery and project management. Here are some practical differences between a VMO and a PMO, not exhaustive and based on some recent examples: