Companies are increasingly employing project management offices (PMOs) in the search for greater efficiency and more effective project management.
So, how do you know if your business is ready for a PMO?
The following tell-tale signs indicate that your organisation needs the assistance of a project management office:
- Your projects lack transparency
- Significant discrepancies appear in project results
- A high percentage of your projects are delayed or cancelled
- You struggle to predict project costs accurately
- No one seems to “own” projects at your organisation
- There’s not a clear business case for some of your projects
- Your company has a feeling of “every product team for itself”
- Customers don’t know what to expect
- Stakeholders are frustrated by a lack of information.
If you recognise any of these signs, it’s time to look into a PMO for your organisation.