How Does a PMO Add Value and Benefit Your Business?

With an understanding of the duties and responsibilities of project management offices, let’s look at the benefits enjoyed by companies that use them.

The PMO Provides Guidance

With a PMO at the ready, you have a group to align each project with the company’s overall mission and strategy. With guidance from the project management office, you can work within the boundaries of your long-term plan while staying focused on today’s projects. Ultimately, this guidance leads to more efficiency and growth.

Your Business Will Stay on Track

Projects have momentum; sometimes, a big project can cause your business to veer away from its long-term goals. A PMO acts like an external mechanism to deliver projects successfully.

Because the PMO uses metrics-based assessments, it can help keep projects on track and forewarn you when scheduling and budgeting issues threaten the project’s success. Instead of running off the rails, you can quickly get back on track before the subject leads to project-ending problems.

Maintaining the Big Picture

Most businesses have several projects going on at the same time. The PMO has an acute understanding of the links between those projects. They understand how the projects may affect each other in terms of resources, budgeting, personnel, scheduling, etc.

Therefore, a PMO gives your business a bird’s-eye view of the big picture. When your company’s work plays out on a larger canvas, you can see how small moves can have significant repercussions for other projects.

The PMO Facilitates Productive Communication

Your project management office has the ears of your stakeholders in ways you might not, so they’re vital in facilitating communications. A project management office can answer the call if you need help ensuring your project is delivered and understood.

Share Resources Throughout the Organisation

When you use a PMO, you facilitate sharing resources throughout the business. Instead of trading and begging for help from another project, the PMO can oversee resource distribution. In other words, your project management office can increase productivity and harmony at the same time.