PMO central

Many companies implement projects. And many fail to realize successful outcomes simply because they lack a formal framework and support structure for managing their projects. This article discusses why and how insurance provider Grupo Nacional Provincial (Mexico City, Mexico) inaugurated an enterprise-wide project management office (PMO) to develop project management strategies and establish greater accountability for project outcomes. In doing so, it overviews the organization's approach to practicing project management, noting how Grupo's employees responded to the organization's establishing an enterprise-wide approach to managing projects. It describes how Grupo's PMO helped the company remain competitive during the recent economic downturn and identifies an area where Grupo could improve its project management process. It suggests how other organizations can benefit from adopting and implementing project management.
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