Today, Project Management Institute (PMI), the world’s leading association for the project, program and portfolio management profession, announced that Telstra: Capital Planning & Delivery (Melbourne, Australia) has been awarded the 2018 PMO of the Year Award.
In 2012, Telstra created the Capital Planning and Delivery (CP&D) function as a dedicated capability within the Finance and Strategy organization. Their purpose was clear – support the annual capital investment allocation, prioritization, and planning processes to better support investment programs and projects. Since that time, it has created a single enterprise wide investment gating model, created a sponsorship engagement model going from 0% of sponsors engaged at the start to 77% today, and enabled a culture of never stopping projects to one that stops non-viable efforts. With many other accomplishments, the core was a cultural transformation.
Engagement of sponsors, enabling project management development opportunities and creating a project management community internally to support and guide careers, they are presently managing over 1,265 initiatives, with an average project value of AU$5.4M. Through strong project management practices and teamwork, they continue to create roadmaps and improve, including providing an executive dashboard and adjusting their PM framework to support multiple methodologies, including agile, waterfall, hybrid, and lean.
"Our PMO helps to advance the project management profession, to move it forward in a purposeful way," said Peter Moutsatsos, PMP, chief project officer at Telstra. "The project management profession is crucial to all public and private organizations that transform industries and services that create opportunities for people to thrive," said Moutsatsos.
Rob Loader, Director of Capital Planning and Delivery at Telstra, said, "PMI plays a crucial global role in helping to create the world's next generation of leaders and ensures that they are equipped with the project management tools and skills they need to be truly successful."
Telstra's Capital Planning PMO is world class in bringing strategic and economic discipline to the largest capital budget portfolio in corporate Australia. It helps Telstra achieve its competitive advantage by forming a clear link between the corporate strategy, business cases and where capital is deployed. The PMO also ensures large, complex projects are delivered to quality, time and cost and the anticipated benefits are realized.
The PMO of the Year Award honors a PMO that has demonstrated superior organizational project management capabilities by adding value to its organization through its support of successful strategic initiatives. The award recognizes a PMO that has established a vision for value delivery and has had a positive and clear impact on business results.
This year’s award was presented in Washington, D.C., USA as part of PMI’s seventh annual PMO Symposium®.