PMO- A Necessity or Luxury?
IT departments in general have always encountered the problem of delivering the project on time and within the prescribed budget. PMO appeared in the business then as the savior and has become the essential part of any IT organization for project management in terms of project delivery on time and within the budget.
In the IT businesses, PMO has always been perceived as a luxury but as the competition is increasing day by day it has now become a necessity to increase the efficiency and deliverables of any project in an IT department.
Benefits of PMO in an organization
Why PMO is a necessity for businesses? Let’s have a look at the positive impact of the PMOs on the organizations and the projects.
More efficiency in delivering facilities
Project management offers a well-defined set of instructions that can easily be followed by the team and leads to project accomplishment. This planning helps to know how to avoid the obstacles and the ways to deal with them.
PMO provides management support and guidance to project managers and technical teams in the unit.
Enhanced /enriched customer satisfaction
A client’s happiness entirely depends on the smooth running and on time deliveries of the projects following the estimated budget. Time, quality and budget commitments are a must to meet in order to ensure the satisfaction of customers.
Amended growth and development within your team
The positive results increase the enthusiasm and help building the confidence of the team thereby leading to better performance and growth of the team as well as the business.
It is one of the best facilities given by a PMO — the flexibility. The whole project management planning helps you get a better way to accomplish the target, however, it also gives the opportunity to come up with a smarter and better way and permits to change the plans according to that. Many small-to-midsize companies consider this alone to be worth the price of admission.
Improved Risk Impost
If a project is well planned, it progresses on the projected path and every kind of risk would be easy to locate and solve. Project management provides a red flag right on time before you even start moving towards completion, which saves the time and a lot of money and help you finish the project within accepted quality standards.
The PMO surely increases the quality and efficiency of the projects and keeps up the pace of the competition one should assure that the project should be completed within the time and budget and efficiency.