This Inside PMO Report from the House of PMO focuses on the future of PMO, specifically if the PMO could and should be a business function, much like the finance and HR departments are.
As organisations increasingly use portfolios, programmes and projects as the primary drivers of value creation and organisational success. Organisations recognise that projects are how they achieve their strategic goals, deliver products and services, and adapt to changing market conditions.
The PMO serves as a central hub for project and change management practices, processes, and standards within an organisation. Its primary responsibilities include providing support, guidance, and governance for projects across the organisation. In the emerging project economy, project management becomes a critical competency for organisations and professionals alike and it makes good business sense if there is a permanent business function to oversee the central role of projects in driving value, innovation, and competitive advantage in today’s dynamic business environment.
Is the PMO the missing business function in businesses today?