Benefits of Having a Project Management Office

Project Management Offices (PMOs) are built to operate as a management hub dedicated to coordinating all business projects, focusing on increasing ROI and adding value for stakeholders.  

Responsibilities for PMOs standardize project execution, offer guidance, and develops metrics so teams can maintain productivity throughout their projects.  

Establishing a PMO in a business can be greatly beneficial for the reasons above, but let’s dive in a little deeper.  

Guidance 

• Align projects, programs, and portfolios focused on the future 

• Make efficient decisions that work within the boundaries of long-term plans 

Success 

• Act as external mechanism to keep a project on track  

• Alert when aspects of the project are beginning to derail, saving the project from ending due to problems  

Birds-Eye View 

• All projects can be viewed at once, seeing how one change in one project can impact another  

 Communication  

• Point of contact for communications with stakeholders, freeing up the project team’s time  

• Communicates with accuracy to ensure messages are delivered and understood  

PMOs allow for sharing of resources that all projects can use and benefit from. When all projects are aligned to a single business strategy, there are a myriad of benefits for businesses.