State of the PMO 2010

  Governance   PMO   ProjectsAtWork  

A new benchmark study on the value of project management offices reveals increased maturity can drive major savings per project. Additional findings suggest significant increase in executive influence.

Project Management Offices (PMOs) have entered a remarkable breakout phase in terms of maturity and, consequently, overall value to the organization. According to PM Solutions’ benchmark study on the State of the PMO 2010, PMOs decreased failed projects by 31 percent, delivered 30 percent of projects under budget, demonstrated a 21% improvement in productivity, delivered 19 percent of projects ahead of schedule, and saved companies an average of $567,000 per project.

Not surprising, the new research also reveals that more than half of PMOs now report to the highest levels of management, with 29 percent reporting to an executive vice president and another 27 percent reporting to the C-level.

PM Solutions surveyed 291 high-level project management employees from large, mid-sized and small organizations in various industries including manufacturing, healthcare, technology, finance, and government. The primary purpose of the study was to gain a clearer understanding of current PMO operations such as size, functions, staffing, challenges, performance, and maturity. Of the organizations surveyed, 84 percent have a PMO in place, demonstrating a …

Please log in or sign up below to read the rest of the article.