Organizations typically face a common set of challenges: prioritizing their projects, then executing them within budget and on schedule. This requires juggling budgets, staffing, schedules, contracts and communications across teams — and often across multiple technology platforms.
Technology can be empowering, but without effective business governance and a strategic framework, it can become an encumbrance just as easily. By applying the principles of a project management office (PMO), systems and processes can be aligned and improved to optimize project delivery. On average, organizations achieve an average of $71 million in revenue or cost reductions from PMOs, according to the Project Management Institute.
The route from strategy to customized solution follows a simple, vital path through four basic steps: organizational assessment, business process design, technology consulting and implementation, and continuous improvement.