Project-focused PMOs are in danger. Strategic project portfolio management offices can thrive, if they know what to do.
Each board needs to these five key controls so as to be in full control of its capital investments, project portfolio and future competitiveness.
Strategies define what your business does, the markets it is in and the initiatives/projects it undertakes. Even if you do not have a written-down, formally articulated strategy document, your business still has a strategy. And your strategy should be driven by outcomes.