Accountability: The PMO can ensure that a sound and clear governance is in place, and that the right decisions are being made in a timely manner.Skill development: It can offer guidance, support and information to various populations of project practitioners, provide training, coaching, or mentoring to support the growth of their skills and maturity.Collaboration: As the PMO coordinates work across a variety of stakeholders, it can facilitate communications between different populations - including communications across the board - and make sure that everyone is on the same page.It can also manage project history and consolidate best practices for continuous improvement. It will track progress using metric-based audits and assessments, issuing alerts in case of issues so that problems can be fixed in time. Traceability: Your Project Management Office will make sure that projects are and stay on track to deliver successfully.Efficiency: A focused PMO will strategize the use of shared resources to ensure optimal utilization and improve efficiency throughout the organization.This gives PMOs the ability to plan for and prevent conflicts. Clarity: A PMO brings to the table a big picture view of all activities, including the links and dependencies between different projects and teams.Effectiveness: Standardizing execution-related processes will facilitate the Project Portfolio Management process, boost project team productivity, and help meet or exceed market expectations by improving the quality of products and speeding up delivery.
Establishing a project office professional#
Consistency: A PMO will introduce professional PPM principles and practices into the company, develop metrics, best practices and standard processes, defining a common methodology for all project teams under its domain.Here is an overview of possible organizational and PPM benefits from a PMO: More importantly, it will help improve Project Portfolio Management in the organization and create long-term value.
Why establish a PMO?Įstablishing a Project Management Office can help solve specific issues and focused pain points (for example project delays, cost overruns). Which means that the structure, shape and mission of your PMO should be tailored to the specific features of your company.