Organizations who rely heavily on projects to meet strategic business objectives have invested incredible sums of Money, Time and Resources in developing/enhancing their overall Project Management Capabilities.
Project management hence becomes an essential function so as to ensure that strategic objectives are met effectively.
However, many organizations have implemented Formal Project Management Trainings, Detailed Methodologies and Tools but still we see projects failure a very common phenomenon.Some of the reasons why projects still fail are:
To overcome this Experts recommend Project Management Office – PMO, that can act as a Silver Bullet to the problems mentioned above by acting as a critical component in implementing organization wide, standardized Project Management Approach.
What exactly is a PMO?
A project management office (PMO) is a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.
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