Supportive: Project Management Office provides the project management and execution team with required processes, methodologies, tools, templates, trainings, policies and procedures to follow.Ĭontrolling: Project Management Office apart from providing support also ensures compliance.
PMO assigns three different roles based on the strategic needs of the organization and senior management’s vision,
The project management team requires a setup that would guide them with the processes, tools, training and templates to run projects efficiently. To successfully plan and deliver projects within budget and time, assigning an individual with additional responsibility to manage the plan and budget will not be sufficient enough. Need of Project Management is increasing due to the fact that business targets are not in a situation to accept failed or delayed projects. Project Management Office (PMO) need to take care the processes followed are meeting the current and future needs of the organization to meet the business goals. Product development and Project management departments in the organization need to tailor their processes to the new needs. This results in product companies planning for line of products with upgrades and variants with shorter duration of development cycle.
Duration of Product life cycle is reducing due to two major reasons, fast changing technologies and competition creating disruption in the market either with the enhanced features or by introducing low cost product.
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