PMI PMO of the Year Finalist 2022: Johnson & Johnson FS&T Project Management Office

Project Management Institute (PMI)
2 Feb 202302:07

Summary

TLDRJohnson & Johnson's Finance, Solutions, and Technology PMO, a finalist for PMI's 2022 PMO of the Year, spearheaded a transformation program to reimagine finance within the company. The initiative aimed at global standardization, digital enhancements, and process simplification. The PMO's success was attributed to a strategic blend of finance and technology professionals, ensuring a single source of truth for financial data. They transitioned from project-based to outcome-based reporting, fostering a business partnership with function leaders and breaking down project silos, positioning the PMO as a continuous source of innovation for Johnson & Johnson's digital finance organization.

Takeaways

  • πŸ₯ Johnson & Johnson's Finance, Solutions, and Technology PMO was a finalist for PMI's PMO of the Year award in 2022.
  • 🌟 The PMO aimed to transform finance within Johnson & Johnson by achieving global standardization, enhancing digital capabilities, and simplifying processes.
  • πŸ”„ The company sought to centralize financial data and harmonize business processes to establish a single source of truth.
  • πŸ“ˆ The goal was to shift from retrospective reporting to proactive planning and forecasting.
  • 🀝 The PMO's success was attributed to a strategic blend of program and project managers with diverse backgrounds in finance and technology.
  • πŸ“Š The team worked closely with the Global Finance Leadership Team to bridge the gap between strategic vision and its execution.
  • πŸ‘₯ Implementation leads were appointed to ensure organizational readiness for the transformation.
  • πŸ”„ The PMO demonstrated agility by adapting its approach and pivoting its journey as needed.
  • πŸ“Š Transitioning from project-based to outcome-based reporting was a significant change that helped break down project silos and fostered collaboration.
  • πŸš€ The PMO is committed to driving business outcomes and operational excellence in Johnson & Johnson's digital finance organization, positioning itself as a continuous source of innovation.

Q & A

  • What was the main goal of Johnson & Johnson's Finance, Solutions, and Technology PMO?

    -The main goal was to reimagine finance within Johnson & Johnson to deliver global standardization, enhanced digital capabilities, and process simplification.

  • How did Johnson & Johnson address the challenge of being a complex, diverse, and global business?

    -They aimed to centralize financial data and harmonize business processes to provide a single source of truth.

  • What was the shift that Johnson & Johnson's PMO wanted to achieve in their financial reporting?

    -They wanted to move from backward-looking reporting to forward-looking planning and forecasting.

  • How did the PMO blend different backgrounds to create an integrated team?

    -They deliberately blended program and project managers with talent from both finance and technology backgrounds.

  • What was the role of the Global Finance Leadership Team in the PMO's success?

    -They partnered with the PMO to close the gap between strategy and its execution, appointing implementation leads on programs to ensure organization readiness.

  • How did the PMO's approach to reporting change during their journey?

    -They pivoted from project-based to outcome-based reporting, which helped them become a true business partner to their function leaders and break project silos.

  • What was the impact of the PMO's new approach to reporting?

    -It was a game changer, allowing the PMO to drive business outcomes and become a source of innovation for Johnson & Johnson's digital finance organization.

  • What does the PMO's future role entail in terms of driving business outcomes?

    -The PMO will continue to drive business outcomes for future releases and the operational side of Johnson & Johnson's digital finance organization.

  • How did the PMO ensure the integration of business and IT within their team structure?

    -By blending program and project managers with finance and technology backgrounds, they created a PMO that truly integrated both business and IT.

  • What was the significance of the PMO's pivot in their approach to reporting?

    -The pivot to outcome-based reporting allowed the PMO to become more aligned with business goals, enhancing their role as a strategic partner within the organization.

  • How did the PMO's success contribute to Johnson & Johnson's overall transformation program?

    -The PMO's success in integrating finance and technology, along with their innovative reporting approach, contributed significantly to the company-wide transformation program by enhancing digital capabilities and process simplification.

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Related Tags
Project ManagementFinance InnovationDigital TransformationGlobal StandardizationProcess SimplificationPMO SuccessBusiness IntegrationTechnology PMOStrategic ExecutionOutcome Reporting