Category: The Project Management Office

These PMI standards and guides provide additional information about the role of the PMO from different perspectives. They may offer additional insights and useful information. Project Management Institute. 2017. The Standard for Organizational Project Management. Newtown Square, PA: Author. Project Management Institute. 2017. The Standard for Portfolio Management. Newtown Square, PA: Author. Project Management Institute. 2017. The Standard for Program…

For many businesses, greater uncertainty, an accelerated pace of change, increased competition, and more empowered customers mean organizations produce value in an increasingly complex environment. The ability to implement new strategic initiatives and change rapidly is becoming a key differentiator. These changes are also exerting greater pressure on PMOs to demonstrate their contributions to benefits…

KEY PMO CAPABILITIES The Standard for Project Management states that projects are part of a system for value delivery within organizations. PMOs can support that system and are a part of the system. Just as project teams need specific capabilities to deliver results, so do PMOs. Effective PMOs make three key contributions that support value delivery:

Organizations establish PMOs for a variety of reasons but with one core benefit in mind: improved project management in terms of schedule, cost, quality, risk, and other facets. PMOs have many potential roles in aligning work with strategic goals: engaging and collaborating with stakeholders, developing talent, and realizing value from investments in projects. PMOs can…

The acronym “PMO” can refer to a portfolio, program, or project management office. In the context of the PMBOK® Guide – Seventh Edition, the project management office (PMO) represents a management structure that standardizes project-related governance processes and facilitates the sharing of resources, tools, methodologies, and techniques. Recognizing that the character and function of a PMO varies between…