PMO stands for Project or Programme Management Office. It is a department that improves project and programme management by standardizing processes and improving efficiency. PMOs create and maintain project documentation and best practices, track metrics, and offer training. They may also report project progress to executives and stakeholders, help prioritize projects, and ensure all projects support the overall business objectives of the enterprise.
Organizations need PMO when:
Projects repeatedly finish later than planned or over budget
Projects aren’t properly aligned with business goals
Your stakeholders don’t have visibility into project progress
You don’t have a standardized process for initiating and executing projects
You aren’t able to track project success accurately
P3O stands for Portfolio, Programme and Project Offices. P3O framework, by AXELOS, brings together a set of principles, processes and techniques to facilitate effective portfolio, programme and project management through enablement, challenge and support structures.
P3O aligns Portfolios, Programmes and Projects and helps answer these critical questions:
Are we doing the right things?
Are we doing them the right way?
Are we getting the right business benefits?
Are we getting them done well?
Support business outcomes
Enable business exchange
Manage risk in line with business needs
Optimize customer experience
Show value for money
We help our customers to setup and optimize their PMOs using P3O framework. Salient features of our services are as follows: