Project Management Office (PMO) has become the central organizational structure for standardizing the practices of companies in the delivery of their projects.
PMOs that are properly designed, implemented, and maintained impacts the project management performance and overall boosts organizational performance. However, there is a misconception that PMOs only provide templates, standards, and polices. Although, those are a few attributes to a successful PMO, the scope is much more encompassing. Some other attributes include:
– Optimize resource allocation.
– Engage with portfolio management.
– Align business objectives and prioritize projects.
– Provide training activities for project managers.
It is not enough for a PMO manager to deliver value – they must do so in a consistent and visible manner to the entire organization.
Companies of all sizes have been implementing PMOs, across different industries. As this trend continues, so too will their level of strategic planning/function increase. It is because of this reason that PMO leaders are realizing the strategic value they add to their companies. However, these strategic values do come at a price. Many PMO leaders believe that some of the biggest hurdles to overcome are:
-Rresistance to change.
– PMO is seen as a huge overhead with little or no benefit.
– Hindrance to execute projects by adding additional “steps” to an archaic process.
Oddly enough, these are some of the reasons why PMOs have been garnering more attention. These views and or challenges demonstrate an underlying fact in many organizations. Which most of the time relates to complacency, silo-mentality, and lack of executive support.
In response to this, many PMOs are garnering more attention at the executive level by increasing their role in strategic functions. Because of this, PMO leaders are participating in strategic planning, aligning projects with strategic objectives, and engaging in portfolio management (just to name a few). This increase in performance and capability within the PMO significantly adds more value to the organization, especially in the long term success of a PMO.