PMO – Project Management Office is becoming an interesting keyword now days in many medium size organizations too. When a project manager hears that PMP is going to be established, the first thought would be “MORE ADMIN WORKS”. Actually … NO it is NOT.
Let’s see the Top 7 advantages of PMO in medium size organizations
1. Improve project portfolio management. A PMO can help you select the mix of projects that will most effectively meet strategic objectives. IT leaders need to make sure that their IT projects are not in a silo, but connected to the company's larger objectives.
2. Provide project support. A PMO can be a conduit for project management guidance to project managers in other business units. Think about the pockets of project management excellence that you have and how powerful it would be to spread the expertise around.
3. Create a project management process and methodology. A PMO can develop and implement a consistent, standardized process so that you aren't constantly reinventing the wheel.
4. Conduct training. A PMO can build training programs and develop a staff of program managers who can manage multiple projects across the enterprise. This is especially important for IT leaders in a world where technology is a critical part of an organization's efficiency.
5. Establish a home base for project managers. A PMO can create a centralized office from which project managers operate as a cohesive team that works across the organization.
6. Become internal consultants and mentors. A PMO becomes valuable when it can share best practices and help to educate managers throughout a company.
7. Assess project management software tools. Part of a PMO's job is to select and maintain project management software that will be useful for the capabilities of the staff.
PMO creates work with a value – in fact a meaningful work. It needs to be a living breathing system within any organization. The overall control and accountability are important outcomes.
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