by CIO Staff

PMOs: The Longer You Have Them, The Better They Work

News
Jul 1, 20031 min
Project Management Tools

CHART

Source: CIO/PMI survey (available online at www2.cio.com/research)

Top ways that PMOs make a financial impact

¿ Provide standard methodology for managing projects

¿ Have responsibility for process and project reporting and tracking

¿ Ensure that similar projects are executed in a similar way

¿ Have the information needed to speed up or slow down a process

¿ Provide a process for resource allocation and capacity management

¿ Ensure that projects have direct links to company’s strategic and operating plans

Top ways that PMOs make a strategic impact

¿ Link projects directly to company’s strategic and operating plans

¿ Provide standard methodology for managing projects

¿ Have sponsorship/support from senior management

¿ Ensure that projects support a business goal or strategy

¿ Align groups on project process, selection, priority and execution

¿ Ensure that similar projects are executed in a similar way