Portfolio management is an area that more and more PMOs are looking to become engaged in. As organizations look to improve project execution and alignment, what role does the PMO play in managing project data?
This column continues a multi-part series that addresses the practical steps and considerations in setting up a PMO in today's organizations. This installment defines in more detail the process that needs to be followed in defining the services of the PMO.
Dr. W. Edwards Deming was a giant in the discipline of continuous improvement. He offered 14 key principles for management to transform and maintain optimal effectiveness, efficiency and quality. Deming's 14 points can be modified to relate specifically to the field of project management. This new series shows how — starting with a commitment to improvement from the top, and a cooperative culture.
PMOs will have different contributions to the business based upon their unique mandate, goals and objectives. It is important to remember that PMO contribution is a matter of planned management execution, not an automatic or guaranteed success.