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6 Smart Ideas to Establish an Effective PMO

PMOs play a major role in the success of a business. They support in major decision-making during crisis and are helpful in bringing potential outcomes. While good PMOs are hard to find or form, effective ones are even rare.

In this article at Thinking Portfolio, the author shares the common traits of a good PMO that make them a valuable part of the organization.

Sync with the Needs

The PMOs must reflect the organizational culture and strategy. Organizations with a PMO reports significant progress in their project delivery within the intended budget and time. To establish or choose an effective and profitable PMO for your organization, count on these traits:

  • Transparency: An effective PMO possesses great insight into the cost and progress of a project. They can distribute resource information, schedule and talk about costs to the intended stakeholders to keep all parties involved abreast with the latest updates.
  • Consistency: The right PMOs consider and analyze all projects with the same quality standards and needs. They eliminate redundancies and bureaucratic practices that may hamper the project progress.
  • Flexibility: Their ability to adapt to the unique portfolio and project needs is a telltale sign. Project delivery styles are largely determined by organizational structures.
  • Communication skills: By creating a stable and transparent line of communication between the technical team, managers, executives, and stakeholders, PMO’s abilities can be judged. They need to establish a seamless chain of communication among teams and maintain it always.
  • Organizational Skills: They are responsible for scheduling and budgeting all projects. Therefore, it is essential to judge their ability to prioritize tasks, assess and allocate resources to monitor the project budget. They must ensure that no resources are wasted or misused.
  • Problem Solving: Regardless of the size, nature, and priority, mistakes are bound to happen in a project. Instead of losing their cool or playing the blame game, an effective PMO determines the cause of the issue and takes immediate action to resolve it.

Click on the following link to read the original article:

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