Project Management Office: Our Solution
When a company seeks to evolve or transform its operations, it may need to run several projects simultaneously. To ensure that the selected projects are relevant, identify their dependencies, prioritize them, and provide the methods, processes, and tools required to successfully deliver each project—from initiation through planning and execution to completion—it is recommended to establish a Project Management Office (PMO).
Specializing in PMO consulting, Teamsquare supports you at every stage of setting up your Project Management Office and acts as a partner in driving your company’s growth and development.
What Is a PMO?
A PMO is a function within a company or organization responsible for managing projects aimed at developing or transforming the business. This Anglo-Saxon concept is now widely adopted by many large organizations around the world.
The individuals working within this function contribute to the preliminary work involved in portfolio management and maintain a cross-organizational view of the various projects underway. Establishing a PMO helps ensure that project progress remains aligned with the organization’s strategic objectives.
In short, implementing a PMO within an organization ensures that a dedicated function can:
– Establish and maintain project management standards across the company or organization
– Prioritize projects within a portfolio based on business objectives
– Ensure that projects align with the company’s strategy and remain within the planned budget and schedule
– Produce regular reports on project progress
– Centralize tools, documentation, and metrics related to the management of different projects, among other responsibilities.
Why Implement a PMO?
There are many reasons why companies seek PMO consulting. Managing multiple projects can quickly lead to a lack of visibility. Organizations that decide to establish a Project Management Office typically do so to standardize project management practices, gain a comprehensive view of their portfolio, streamline project execution, and ultimately maximize the return on investment of their overall initiatives.
It is common for companies to launch new projects while others are still underway. Implementing a PMO helps organizations avoid losing oversight when managing multiple project portfolios.
What Is the Role of a PMO Consultant?
When a company decides to establish a Project Management Office, it is often recommended to engage a PMO consultant. This external specialist in PMO consulting supports the organization in implementing the appropriate methods while ensuring that processes are properly applied across all projects. Drawing on their experience, the consultant helps structure the PMO and establish the best way to gain clear visibility over the project portfolio.
Working with a Teamsquare PMO consultant enables you to support your project managers in delivering their projects by:
– Providing active listening to better understand needs and potential obstacles
– Offering guidance on the methods to apply, particularly for governance meetings and steering committees
– Supporting the operational implementation of the right tools
PMO consulting and guidance from an expert are among the most effective ways to help project managers make the right decisions and prevent projects from falling by the wayside due to a lack of structure or methodology.
