What Does a PMO Do?
A Project Management Office (PMO) is a group or department within an organization that establishes and implements best practices and maintains standards for project management, planning, and execution. The PMO strives to standardize best practices and introduce economies of repetition in the execution of projects. It also is the source of documentation, guidance and performance metrics.
As a Project Portfolio Management Software company, we just might be the world’s biggest fan of the PMO! We think methodical project management, planning, and execution is an absolute necessity for project success.
Inspired by research by the Project Management Institute (PMI), the infographic below contains a summary view of relevant facts and figures concerning the Project Management Office that support the importance of the PMO in your Project Portfolio.
The infographic includes information on:
- Percentage of firms with PMOs
- How greater PMO capability leads to greater performance
- The average number of projects worked each year by organization size
- Top five PMO priorities and challenges
- The difference between low and high performers’ effectiveness
Source: PM Solutions, State of the PMO 2016 Research Report
Read our Definitive Guide to Project Portfolio Management to chart the course to more successful projects.