The PMO VALUE RING methodology is designed to align PMO functions with the benefits expected
by stakeholders. After collecting stakeholders' benefit expectations, the methodology provides a list
of recommended functions that are prioritized based on these expectations. This approach ensures
that the PMO is focused on delivering the highest value according to the specific needs and priorities
of the organization.
Stakeholder-Centric Approach: The PMO VALUE RING emphasizes the importance of understanding
what stakeholders expect from the PMO in terms of benefits. These expectations are then used to
prioritize the PMO’s functions, ensuring that the PMO is delivering value where it matters most.
Function Prioritization: Based on the collected expectations, the methodology generates a list of
PMO functions that should be implemented or emphasized. This prioritization ensures that the
PMO's efforts are strategically aligned with the organization's goals and stakeholder needs.
PMI Reference: PMI’s standards, such as the PMBOK Guide and other portfolio management
resources, also emphasize the need for alignment with stakeholder expectations to deliver value. The
PMO VALUE RING builds on this by providing a structured approach to function selection based on
these expectations.
PMI and PMO VALUE RING Reference:
The PMO VALUE RING methodology specifically focuses on aligning PMO activities with stakeholder
expectations to maximize value delivery. This process is central to its function recommendation
system.