It takes courage for your organization’s senior management to step up and support the concept of a professional Project Management Office (PMO). While forming a PMO shouldn’t be taken lightly, the benefits are clearly documented.
The PMO builds and maintains the PM methodology and updates it to account for improvements and newly discovered best practices.
The PMO facilitates improved project team communication by having common processes, deliverables, and terminology.
The PMO sets up and supports a common repository so that prior project management deliverables can be candidates for reuse by similar projects. This helps to save start-up time.
The PMO is responsible for PM training. This training helps to build core PM competencies and a common set of experiences. This PMO training helps to reduce overall training costs paid to outside vendors.
The PMO coaches project managers to help keep projects from getting into trouble. At risk projects can be assisted by the PMO to mitigate further issues and risks.
The PMO serves as a tracking mechanism for basic project status information and provides a common project visibility report to management.