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Project Management Office (PMO)

What Is Project Management Office (PMO) ?

A project management office (PMO) is an organizational body or entity assigned various responsibilities related to the centralized and coordinated management to those projects under its domain. The PMO helps both the project manager and the relevant organization to understand and apply professional practices of project management and to adapt and integrate business interests into the project management efforts with which it is associated.

Function of a PMO

  • Managing shared resources across all projects administered by the PMO
  • Identifying and developing project management methodology, best practices , and standards
  • Coaching mentoring , training , and oversight
  • Monitoring compliance with project management standards , policies , procedures ,and  templates via project audits
  • Developing and managing project policies , procedures , templates , and other sfared documentation , and
  • Coordinating communication across projects.

PMO Benefits

Companies that implemented successful PMOs achieved:
  • 80% ROI
  • 20% reduction in project time
  • 30-35% successful project delivery
Companies without a PMO experience 74% project failure rate

Great Standard Consulting Ltd helps your company to

  • Determine the appropriate sponsorship for the PMO
  • Develop the PMO Charter, including its mission, vision, and critical success factors
  • Identify the supporting functions and staffing required to achieve that mission
  • Establish a program to address organizational change activities
  • Implement the initial functions of the PMO (training, resource management, methodology, career paths, etc.)
  • Officially roll out PMO operations
  • Refine and mature PMO governance practices

For more information and how can we work with your company to develop COE in your company please contact us

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