4 Steps to Building a Successful PMO

[ Login/Subscribe ]

Features

Departments

PPM

Tools

Executive

Resources

About Us

Home > Executive Report > Sponsored Content

4 Steps to Building a Successful PMO
Lisa Sipe, PMP (March 14, 2008)

Implementing a project management office is a project in itself, subject to the same pitfalls. However, you can improve the success rate of your PMO implementation by following four clearly defined steps.

The failure rate of large information technology projects is legend. Survey results illustrate that about 50 percent of all projects do not meet original budget or schedule estimates and are missing critical scope elements, while an additional 25 percent are abandoned, never reaching completion at all. Yet according to Gartner, world-class organizations enjoy an IT project success rate closer to 90 percent. What is it they know about delivering business value through project management that nearly triples their success rate? Most of them have established successful project management offices (PMOs). In fact, two-thirds of organizations implementing PMOs report that project success rates have improved significantly as a result.¹

Implementing a PMO is a project in itself, subject to the same pitfalls. However, you can improve the success rate of your PMO implementation by following four clearly defined steps.

Step One: Establish a Vision.

Please login/register to read the entire article.

Sponsored Announcements and Special Offers

Economical and Effective PMP Certification Training: CertSchool an REP and Price Champion offers 4 Day Bootcamps in New Jersey, Los Angeles, and San Jose for just $750. And Web Based Instructor Led Live PMP Prep classes for $500. Includes lectures, videos & audios to download, sample questions, notes and 36 Contact Hours! Register – FREE PMP Training demo session
Utilize SharePoint for Project Management! – Earn 15 PDUs. Project Integrators, LLC is offering their two-day workshop ‘Essential SharePoint for Project Managers’ in a city near you. Use SharePoint to Improve project collaboration, communication, and reporting. Create robust SharePoint sites for your projects, publish reports online with Excel Services, and create management dashboards. Click to view our current public workshop schedule.
New On-Demand Webinar "Driving Product Strategy From The Top Down". If you manage or are involved with project and product decisions for multiple products, this webcast will provide practical insights and tools to make your job easier. Learn how multiple projects "fit" together, the value customers receive from a portfolio approach, and successful methods in PPM tools. Learn best-practices, communicating strategy, what to consider when making multiple product decisions.
How can your company increase efficiency and maintain a competitive advantage in the PM marketplace? Learn how Oracle's Primavera project portfolio management solutions can help your organization succeed in these tough economic times. This free whitepaper paper highlights important elements and benefits of standardizing business processes and how PPM can help your business and technology succeed throughout the company.

CertSchool Training
IBM
Instantis
Jama Software
Keller Graduate School
Management Concepts
Microsoft
Oracle
PMI
PM War Stories
PowerSteering Software
PPM Executive Newsletter
RMC Project Mgmt
Stanford University

March 2010:

How much do your tools, processes and PMO help or hinder you?