PMO on the fast track
The signs of failing projects are usually apparent: missed deadlines, rising costs, misinterpreted scope. Such signs suggest that the sponsoring organization should either implement a project management office (PMO) or improve the PMO it has. This article outlines a process for planning and implementing a PMO within four weeks. In doing so, it describes the benefits of operating a PMO and the keys to developing a short-track PMO. It then explains how one company used this process to establish a PMO. It identifies the steps this company implemented and the challenges—project tracking, status reporting, employee training—it resolved. It also lists the benefits it achieved from operating a PMO. Accompanying this article is a sidebar listing several warning signs indicating when an organization may need to implement a PMO.