Pmo Advantages

Improved Essays
The advantages of project management office
These days, every company needs to improve and adapt themselves in order to continue running their business in the competitive and fierce market due to the changing trends. Some companies have a lot of projects to manage which are important for the successful continuity and growth of the companies. Therefore, Project Management Office (PMO) can definitely help organizations to maintain the standards and processes in each project. Establishing a PMO provides various advantages and huge positive changes to every organization (Cyber Wealth Zone Blog, 2011).
First of all, without the PMO, each project must be viewed, controlled, and dealt by own project managers in each department. If the organizations
…show more content…
No matter what size the company is, when the PMO is applied, it can lead the company to success. There are five stages of a Project Management Office implementation that will lead to the company achieving project management oversight, control, and support. Each stage shows how PMO function in an organization.
The first stage is the project office. This stage shows the project oversight and creates as a project manager who is responsible for one or more projects. There are a lot of activities under this stage. For example, using the skills and knowledge of project manager, and also the principles of project management to succeed the project objectives. Moreover, managing the cost, schedule, and resource utilization in each project (Hill, n.d.).
The next stage is Basic PMO. It is the first PMO level to deal with multiple project oversight and control. It provides a standard or template to all projects within the organization.
The third stage is the standard PMO. This stage is about process support. It has new duty to focus from earlier stage; it will support an individual and project performance in the project management environment. In addition, this stage helps the organizations to seek a solution for implementing project management (Hill,
…show more content…
The strategic business interests across the organization will be the primary focus on this stage. There are two different ways to establish the center of excellence. First, it can be created when a lower stage of PMO developed into the center of excellence, especially in small and medium organizations. Second, it can be established to maintain other lower stages in large global organization (Hill, n.d.).
Responsibilities of Project Management Office In today’s business world, each business needs to find the right strategy to survive in the very competitive market. Therefore, every organization need to set up Project Management Office since it can help companies maintain high standards, reduce duplications, and leverage resources like people, technology, communication, etc. There are several main responsibilities that PMO are taking, including setting and enforcing standards, collecting and applying project data. The first main responsibility of PMO is to establish the guideline for project teams to work together with. Managing projects will be easier than before. Project managers will be able to work more easily between different projects, and new project managers can work and complete their projects faster. In addition, PMO will ensure that the standard of each project is regulated while doing the projects (Responsibilities of a project management office,

Related Documents

  • Great Essays

    Tesco’s leadership approach, which combines the democratic one and autocratic one, is unquestionably the most appropriate because it allows team participation up to a certain point but also gives managers full control over the workforce and exclusive decisional power. Being a successful manager at Tesco involves great responsibility and great commitment to your team. Tesco leaders need to be inspirational, innovate and “ready to embrace change and with a long-term vision for achievement” (“Developing Appropriate Leadership Styles”, 2015, para. 27). Tesco’s leadership framework certainly helps them to do so by encouraging continuous self-evaluation, which is central to the philosophy of continuous improvement.…

    • 1690 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    o Project delivery activities including project administration, work breakdown structure, time recording, standards and time recording. o Activities around the management of the project including project planning, reporting on performance, providing speciality expertise such as risk management, scheduling management and cost management, quality management and lessons learned. o Planning and scheduling the activities of the project staff members. • Project Management Office o Review business case and confirm cost benefits, project risks, project health status and implementation reviews o Provide feedback and reporting to the governance group on issues such as the utilisation of resources, the performance of the project and the all important lessons learned. o Evaluate, mentor and develop the project and program managers o Scheduling of multiple projects to address project resource dependencies.…

    • 718 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    The defining phase is responsible for defining the project scope, establishing project priorities, creating work breakdown structure, integrating the work breakdown structure with the organization and coding the work breakdown structure for the information system. Once phase 1 steps have been completed, the project manager can now start with the planning phase (Gray and Larson, 2013).  Defining project scope The project scope paves a way for establishing a project plan. It defines the mission of your project, this can be the product that must be produced at the end of the project or any service that need to be rendered to the client or customer. The main aim of this step is to let out the deliverables to the customer or client and stick to the project plan (Gray and Larson, 2013).…

    • 2384 Words
    • 10 Pages
    Superior Essays
  • Superior Essays

    Human resource experts should use unique business strategies to drive the use of competencies in developing ravishing leaders. Once effective and unique set of skills have been set and built for the organization’s leaders and management, the firm’s chances to sustain competitive advantages increases. In such working environments, cultural awareness, global mindsets, interpersonal and intra personal skills and effective relationships between the heads and the subordinates, all lead the ways. Change in the cultures in organizations demand diverse leadership and management…

    • 1095 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Creating new revenue stream: Team at BT works in the process of creating the possibility of new revenue streams by continuously improving the standards of quality and customer satisfaction. Creating the Place to Work for employee: An organisation is nothing without its work force. It is the ability to the workforce that makes the business running. When people feel valued they all work to their full potential and contributes ideas that will make grow the business. If the internal employees are happy and satisfied then only they will work with great enthusiasm and lead to quality work.…

    • 1371 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    In today’s competitive environment, tapping into workforce diversity and managing it successfully is crucial for the business success. Managing diversity successfully means creating an environment that values and utilizes the contributions of employees with different backgrounds, experiences and perspectives. The global managers need to be culturally competent and be able to effectively manage diversity to gain synergies. Managers who are able to lead a diverse workforce produce better business outcomes than those who work with a narrower demographic group. A diverse workforce with a range of different backgrounds and perspectives gives managers broader insights to draw on in decision making and policy development.…

    • 734 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The gap needs, are essential in reviewing what steps will the company have to take to obtain these goals. Goals, keep a company focused, therefore making each path of human resource a essential part to the entire company. The last step, is to develop the strategies needed for the organizations. This phrase details each HR department’s strategies for obtaining the companies needs for growth. This process contains; recruiting, training & development, reconstructing, and collaboration.…

    • 1034 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Hrm Guest's Model

    • 3792 Words
    • 16 Pages

    As a triumph business company Lloyds TSB is now in a position to build up a model of flexibility in exercise relating to the labour management of the business. By means of Atkinson to obtain the competitive advantage in a company there is no other choice rather builds up flexibility in labour management in a variety forms are given below: Functional flexibility might have prospect to acquire place in a business operation while the management make a drive to move his/her employees among jobs as per the requirements. This needs an extensive range of job training to consent the progress and a redefinition of working time (Fitzgerald & Dopson,…

    • 3792 Words
    • 16 Pages
    Superior Essays
  • Improved Essays

    Listo Case Study

    • 996 Words
    • 4 Pages

    Involving, Facilitating, Communicating Departments (Units): - It is the individual unit having their own core responsibility like accounts, sales marketing. Key results (Success Factors): - The success factors are defined as the key work or the innovation which differentiates them from others, like with low cost, better quality. Involving: - It explains about making every individuals of a company participate in the certain roles to meet the target of the company. Facilitating: - This is the managerial role where providing their team the required resources in order to complete the job. Communicating: - It is the method of conveying the ideas and sharing the problems and solutions, between the team so that the clear picture will be driven to carry out each…

    • 996 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Motivational leadership in necessary for both competition and growth, employees look to leaders for creating a meaning. Leadership is how strategies are implemented into results. Turning strategy into action is needed in order for a plan to work. Companies need to have clarity of the intent, have broad based plans/ strategic thrusts, and a thorough understanding of how plans we will be met. Through this, organizations allow for all facets of the company to understand the strategy, and the delivery of it.…

    • 711 Words
    • 3 Pages
    Improved Essays