Objectives and Benefits of an Organization’s Project Management Office (PMO)

Project Management Offices (PMOs) provide various benefits for organizations, especially those that have a number of projects and programs. The following lists some of the objectives and benefits of having a PMO in organizations.

One of the primary reasons for the PMOs is to put a centralized organization focus on the delivery of projects and programs within schedule, cost, and scope.
PMOs are usually established to enable an organization to achieve its strategic initiatives.
PMOs also are established to enable an effective decision-making process related to selection and prioritization of projects and programs.
Enable a framework for managed and controlled organizational change
By overseeing a number of projects and programs grouped into portfolios, PMOs help identifies interdependencies between them and to resolve and track them accordingly.
Mature PMOs help in strategic functions that include portfolio selection and management and organizational alignment functions and processes.
PMOs standardize project and program management delivery processes and methods for the organization providing a common base of terminologies and concepts for the organization’s teams.
PMOs drive for the standardization of project management tools across the organization making it easier for training and knowledge sharing.
PMOs act as the center of excellence for project management best practices, processes, and tools for the organization that in turn helps in improving and maturing the organization’s ability and capability to execute initiatives more effectively and efficiently.
PMOs provide mature control processes allowing for projects and programs to stay within the defined constraints as directed by the organization’s leadership and management.
PMOs help in the management of lessons learned from projects and programs and in communicating those learned lessons to the rest of the organization.
PMOs help in the selection of the right metrics needed in the tracking and monitoring of project and program progress.
PMOs help in the definition of performance tracking reports that can help stakeholders get a better appreciation of project and program progress and enable them to take appropriate corrective actions.