{"id":58,"date":"2017-06-27T13:37:16","date_gmt":"2017-06-27T13:37:16","guid":{"rendered":"https:\/\/micylou.com\/?page_id=58"},"modified":"2017-06-28T14:08:48","modified_gmt":"2017-06-28T14:08:48","slug":"why-implement-a-pmo","status":"publish","type":"page","link":"https:\/\/micylou.com\/?page_id=58","title":{"rendered":"Why Implement a PMO?"},"content":{"rendered":"<p>If you are in the business of delivering projects and have problems delivering projects on time, within budget, and within an agreed-upon scope of work, then a project management office may be what you need to improve the quality and delivery of your projects. You may need a PMO if your organization is encountering any of the following symptoms:<\/p>\n<ul>\n<li>Projects are often delivered later than promised<\/li>\n<li>Projects often run over budget or at a cost greater than estimated<\/li>\n<li>Project estimating is faulty and inconsistent from project to project<\/li>\n<li>Clients (or internal customers) complain about project delivery<\/li>\n<li>Clients (or internal customers) complain about incomplete scope or missing functionality<\/li>\n<li>Stakeholder expectations are not formally managed and are often misunderstood<\/li>\n<li>Skilled resources are usually not available when needed<\/li>\n<li>Project status reporting is inconsistent and faulty<\/li>\n<li>Projects are not prioritized which leads to project and resource conflict<\/li>\n<li>Project processes are inconsistent from project to project leading to an inefficient use of resources<\/li>\n<\/ul>\n<p>So, what is a PMO and how can it help? There are many variants of a PMO in the corporate environment but for the purpose of this paper, I would like to define a PMO as a supporting organization that exists to provide project management support and to improve project delivery. Given this loose definition, I believe that an effective PMO can deliver the following benefits:<\/p>\n<ul>\n<li>A decrease in the project failure rate<\/li>\n<li>An improvement in meeting project cost, schedule, and scope objectives<\/li>\n<li>An improved prioritization of projects leading directly and indirectly to an improved Return on Investment (ROI) on project investments and human resources<\/li>\n<li>An alignment of projects with the strategic objectives of the enterprise<\/li>\n<li>An improved client satisfaction with project delivery<\/li>\n<li>Improved estimating and ROI calculation processes leading to the cancellation of uneconomic projects and improved project and enterprise profitability<\/li>\n<\/ul>\n<p>According to a survey conducted by CIO magazine and the Project Management Institute in February, 2003, fifty percent of the respondents reported that \u201cproject success rates have increased as a result of having a PMO.\u201d The survey also indicated that \u201cproject success rates (defined as completed on time, within budget with all original specifications) have increased by 46%.\u201d (Ware, 2003)<\/p>\n<p>The same survey indicated the following common characteristics of the PMO (more than 70% of the respondents shared these characteristics):<\/p>\n<ul>\n<li>Ensures that similar projects are executed according to consistent processes<\/li>\n<li>Provides project management training and mentoring<\/li>\n<li>Conducts post implementation project reviews including the capture of lessons learned<\/li>\n<li>Manages process and project reporting and tracking<\/li>\n<li>Contributes to the development of core competencies in project management<\/li>\n<li>Is supported and\/or sponsored by Senior Executives<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are in the business of delivering projects and have problems delivering projects on time, within budget, and within an agreed-upon scope of work, then a project management office <span class=\"readmore\"><a href=\"https:\/\/micylou.com\/?page_id=58\">Read More &#8230;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":2,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"ngg_post_thumbnail":0,"footnotes":""},"class_list":["post-58","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/pages\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/micylou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58"}],"version-history":[{"count":2,"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/pages\/58\/revisions"}],"predecessor-version":[{"id":140,"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/pages\/58\/revisions\/140"}],"up":[{"embeddable":true,"href":"https:\/\/micylou.com\/index.php?rest_route=\/wp\/v2\/pages\/2"}],"wp:attachment":[{"href":"https:\/\/micylou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}