The project management office (PMO) is an effective project management solution created to establish a more centralized management structure for large groups of projects. The PMO provides organizations with an infrastructure of people, procedures and tools to achieve effective project management by leveraging project management standards, allocating resources, establishing consistent performance measures and reducing duplication of efforts.
Governance and portfolio management maturity is the first goal of the PMO, which includes developing the capability and tools to assist the enterprise in choosing the right investments. The second goal of the PMO is
benefits and cost management maturity, which includes maximizing financial potential available to the enterprise.
This guide provides a detailed examination of the following: benefits of a PMO, key elements of effective PMO, basic PMO processes, PMO methodologies, skills of a successful project manager, key performance indicators (KPIs) for the PMO, and PMO best practices.