What is Project Management Office (PMO)?
A project management office (PMO) is a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques. The responsibilities of a PMO can range from providing project management support functions to actually being responsible for the direct management of one or more projects.
-PMBOK Guide 5 Edition
A project management office, abbreviated to PMO, is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation, guidance and metrics on the practice of project management and execution. In some organizations this is known as the program management office (sometimes abbreviated to PgMO to differentiate); the subtle difference is that program management relates to governing the management of several related projects.
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Organizations around the world are implementing formal project management processes and disciplines to deliver their work initiatives on time, within budget and to an agreed upon level of quality. Part of the ability to execute better, faster and cheaper comes from the ability to implement common processes and practices across your entire organization.
Many organizations have accomplished this through a centralized organization that is responsible for developing and deploying the common project management methodology. These groups are often referred to as a “Project Management Office (PMO)”, “Project Office” or “Project Management Center of Excellence”.
The PMO is typically responsible for acquiring and deploying a common project management process to the rest of the organization. However, they can also do much more, including training and coaching, project audits, consolidated project status reporting, project management certification, portfolio management, etc.
Advantages of PMO
The value of a common project management process includes:
- Reduced cycle time
- Reduced delivery costs
- Improved quality of project deliverables
- Early identification and proactive management of project issues and risks
- Better containment and management of project scope
- More opportunities to leverage and reuse knowledge
- Improved accuracy of estimates
- Better communication with clients and stakeholders
- Improved perceptions of your organization by your clients
- Improved people and resource management
- Reduced time to get up to speed on new projects
Our Services
We work with existing PMO and /or provide Virtual PMO service to our clients. We pre-dominantly
- Provide a comprehensive consulting, coaching and training services to help our clients to build and run high-performance PMOs or improve their current PMO align with their business goals and strategies.
- Work with you on the products and services the PMO should deliver to your organization.
- Create a road-map for implementing the PMO services
- Deliver the products and services to help your organization excel in delivering projects
- Provide processes and templates for your organization that are used to execute your PMO
- Improve the rate of project success
- Standardize and maintain a project management methodology and software tools.
- Monitor project progress and maintain dashboards
- Execute project and program management processes