As your business evolves, so does the complexity of your organizational initiatives. Internal teams may face multiple projects and priorities, each with varying goals, timelines, budgets, requirements, geographies, resource needs and more. Without the proper structure or support in place, juggling these projects effectively becomes extremely challenging, often leading to decreased project success, overextended budgets and reduced overall business performance. So, how do you ensure your projects are set up for success? Through a well-designed PMO.
What is a PMO?
A PMO, or Program Management Office, is a group or department within an organization that manages all processes, methods and technologies used for the successful planning and execution of programs and projects. PMOs control project documentation, governance standards and more.
Why Establish a PMO?
Establishing a PMO can be instrumental in helping to manage project costs, optimize and measure project performance and ensure projects are aligned with strategic goals. By providing centralized management of the tools, technologies and processes needed to support projects at each stage, PMOs successfully alleviate administrative burden from project teams, establish financial controls and provide structure that allows teams to effectively and efficiently do their jobs.
How Can a PMO Benefit My Organization?
Effective PMOs help make projects easier to manage, measure and evaluate on performance.
Benefits of a PMO can include:
Best Practices for PMO Leaders
While PMOs can be key to a business’s success, they can also fall short of their potential due to a lack of effectiveness or an inability to showcase their value. Below, we’ve outlined seven best practices employed by the most successful PMO leaders.
AXIA PMO Solutions Offer Support at Every Stage
Whether you are in need of PMO creation, management or performance evaluation, AXIA offers comprehensive services to help organizations at every stage of the process. Our Program Management Practice works with your team to understand current business goals, processes, supporting technologies and resources. By serving as an extension of your team, we collaborate with you to develop sustainable solutions that help you tackle your toughest PMO challenges and achieve your business goals.
Our PMO services include: