In recent years, with general adoption of IT Governance practices, Enterprise Project Management has become more critical than ever before as it is widely recognized that a project co-exists with many other projects in the enterprise, or are part of one or more programs. While the initial mandate for PMOs was to only plan and track the existing set of projects and aimed for helping project professionals, envisaged more in the lines of functional department. However, given the strategic value of PMOs in today’s fast paced enterprises, they are not necessarily limited by that original stereotype.
So in that sense, PMOs today no longer exist as isolated function that directed only to the project managers and generated project reports periodically. Even though it is still the owner of setting the organization’s Project management methodology and prioritizes future and current projects against strategic business goals. The later has equally become more important given the pace of development and time to market pressures thereby area of more sought after value
The evolution: Over the years PMO functions have become significantly broad-based from just being the body of knowledge, training and reporting but also leading delivery accountability on critical initiatives. It has assumed and rightly being leveraged by several execution centric organizations as an integral part of delivery arm or business unit. Some time structurally organized horizontally and collaborating with several business verticals and corporate functions that are engaged in delivery of critical project and programs. In that role, it can and in some enterprises already performing the role of ‘delivery assurance’ continuously setting baselines and metrics of delivery efficiency as well as providing that crucial insight in to longer term strategic planning.
The Integrator: With its continuously evolving role, today it is much more aligned with not only with technical functions (R&D and technology Labs) within the organization but also business, HR and legal functions playing much-needed ‘integrator’ role with the bigger picture mandate. Based on the knowledge of past projects, baseline technical standards & over time potential improvements, it also provides the planning confidence to set the bar right for what is feasible against what is not for execution stage.
Value for top management: PMOs provide CIOs the structure needed to both standardize project management practices and methodologies for repeatable project processes as well as business value in identifying best suited program initiatives for implementation and funding viability for achieving organizations strategic intent. . Clearly today PMOs are more strategically valuable for business leaders and senior managers including the C level executives as much as it is with project professionals in day-to-day role as it advises and champions the business initiatives with best ROI on investment for the company.
Shyam Verma, PMP, ITIL