- Many organizations use projects as a method for achieving strategic goals.
- Due to the project-based nature of most IT departments, IT is often tasked with managing, executing, or delivering many projects or project components for both IT and the business.
- Managing many projects simultaneously in a coordinated manner is beyond the capability of many organizations.
- This results in a poor understanding of project performance and decisions being made based on inadequate information. Projects are more likely to fail and be inefficient in their execution, leading to a destruction of business value.
Our Advice
Critical Insight
- A Project Management Office (PMO) is the conductor of your project orchestra. Without a PMO, projects execute independently in an uncoordinated manner. A PMO brings them together into a single holistic view and maximizes project synergy.
- A world-class PMO uses finely honed capabilities to maximize project portfolio execution. A PMO can maximize the benefits of nine PMO capabilities and focus on the capabilities most important to you.
Impact and Result
- A method to coordinate project activities so that all functions and tasks operate in concert is required.
- The leadership role best suited for the coordinated execution of projects is the PMO.
- Implementing a PMO can help to ensure that resources are being used effectively, projects are completed successfully, standardized processes are being followed, and accurate information is being used for decision making.