What Is A Project Management Office (PMO)? The Key To Standardizing Project Success
CIO, Monday, October 2,2023
The ever-increasing pace of change has upped the pressure on companies to deliver new products, services, and capabilities. And they're relying on PMOs to ensure that work gets done consistently, efficiently, and in line with business objectives.
A project management office (PMO) is a group, or functional unit, that sets, maintains, and enforces the practices, policies, and standards for structuring and executing projects within an organization.
According to the Project Management Institute (PMI), a PMO is essential for enterprises seeking to centralize and coordinate the management of projects throughout their life cycles.
'A good PMO drives discipline, communication, and orchestration. They make sure value gets delivered to the organization,' says Dave Wolf, who as a principal at professional services firm KPMG focuses on transformation delivery.