Published: 01 March 2006
Analyst(s): Hilda Agopian , Chuck Tucker
Project management offices (PMOs) evolve through the project, program and portfolio management stages as they mature to meet ever-increasing business needs. A project management office can reduce the risk of project schedule slippage, cost overruns and scope creep by focusing on a standard project management process, basic tools and project manager development. A program management office can improve resource management across business and IT projects and programs by combining related business and IS projects into programs, as well as by implementing governance, communications programs and collaboration tools. A portfolio management office can contribute to business growth by optimizing the mix of project and program investments and focusing on benefits realization and knowledge management. CIOs must ensure that their PMOs master the basics of their current stage before they evolve them to the next stage.
PMOs must evolve as business needs change
Reduce business risk with a project management office
Optimize resource use with a program management office
Contribute to business growth through a portfolio management office
Appendix A: Organizing the PMO
Appendix B: Representative PMO tools and frameworks
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