Siemens, Munich, Germany
Project management offices (PMOs) at a global engineering and electronics powerhouse have little trouble gaining stakeholder support for their endeavors. This article discusses how two-year stints help the company's PMOs constantly prove measurable bottom-line results. In doing so, it reveals the initial steps taken by the PMOs to ensure the company's principles and guidelines are followed. The PMO leaders in this company have 24 months to deliver benefits. If the reviews show that the PMO has met its goals, senior management then decides to either disband the office or set new goals and expectations for the next 24 months. In addition, the article looks at how the company provides lessons in finance to its project managers so they understand their costs and what will affect those costs. Furthermore, it shows how benefits realization is the driving principle for each PMO within the company.