Anticlue

The key elements in establishing a PMO

Let's take a couple of moments to talk about the fundamentals. A PMO needs to have some basic elements in place to drive the project portfolio. These elements include:

• A process for project presentation, prioritization, and selection.


• An understanding of budget and resource capacity of the organization.


• An understanding of the project demand


• The ability to measure and report upon project portfolio success.


• A continuous improvement process with metrics indicating the value of the improvement.

Without these key element, the PMO will end up like so many others after 3 years with no measurable way to indicate business value - Disbanded and disbursed.