All organizations have projects and many also have project-, program- and portfolio-offices. Few businesses, however, have the competencies or the methodical approach in place to handle the entire project-portfolio. With Peak’s program-office in a box you get the tools required to roll out a fully functional PMO with reduced start-up time and expenses.
A Project Management office is an initiative within corporate governance. Concretely, it is a department that is tasked with monitoring and supporting the organization’s project-work on all levels: program-level, portfolio-level and project-level.
Because the PMO works on many levels, the office also reports directly to the top management in the organization. The allows the PMO opportunity to implement the strategies that are decided at top management level. Furthermore, the PMO also has the opportunity to make priority-recommendations, as they have a broader overview of the projects the organization is working on.
Why is a PMO important?
A PMO is important to your organization if you work on several, concurrent projects. A program-office allows you to work more business oriented and avoid using unnecessary resources on the wrong projects. Thus, you get:
- Better prioritizing of projects across the organization
- A greater chance of staying within time and budget
- Healthier frameworks for the project work in the organization
- Increased business value