Read about research on the evolution of the project management office in this week's Community Post. An article from PMI's Career Central discusses your options if you are frustrated with your job.

Insights from Inside Project Management Journal^®
Evolving the PMO: Insight into Optimizing This Dynamic Organization

Over the past two decades, countless studies have examined how a project management office (PMO) can help organizations more effectively and efficiently implement initiatives and generate business value. With this, many researchers have written about the nature of PMOs and the processes and structures used to organize PMOs. But few published studies have examined the dynamics that shape how and why PMOs can change over time.

Quick Quiz

My company wants me to head a project to set up a consulting business using our current employees. I have been told to price services so that we make at least a 5% profit on the hours our people work. How do I calculate my profitability?

1. Find out what your competition charges and undercut them by $5.37 per hour.
2. Use a Cost Plus contract, then use international billing standards to pick your price.
3. Use a Time and Materials contract and calculate profit using current salary numbers plus a materials fee.
4. Use a Firm Fixed Price contract and add 5% to your actual costs.

Test Your Knowledge.

More Knowledge Resources through PMI.org

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PMI Voices on Project Management blog. Read what’s new and comment.

The Knowledge Shelf is an expanding resource of more than 100 articles written by your peers.

Join a robust discussion on the career path to becoming an oil and gas project manager. It’s going on now at the PMI Oil, Gas, & Petrochemicals Community of Practice.