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Home > Executive Report > Opinion
Project management offices are often viewed as “overhead” by executive management and become the target of cutbacks in tough economic times. In fact, PMOs can help organizations weather the economic storm by prioritizing and aligning projects with strategic goals.
Due to current economic conditions, countless companies are trying to determine how to reduce costs, which frequently includes cutting projects and staff. The findings of a recent poll by PMStudent.com found 11 percent of responding project managers said that, due to the economy, they have experienced financial scrutiny of their projects, while 14 percent have experienced or witnessed project manager layoffs, and 27 percent have experienced project cutbacks. Naturally, this has led many professionals to work even harder to let management know what their work is worth to the organization in order to avoid the chopping block.
Historically, top executives have often viewed the PMO as “project management overhead,” a perception that must be changed if PMOs are to survive these widespread cost-cutting measures. When PMO managers align projects with company strategy, deliver positive results and demonstrate their value to management, they put themselves in much more secure position within the organization.
The Projects As a general rule, PMOs should focus only on projects that are central to the organization's key goals and objectives.
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