![]() To be effective, a project management office needs to systemize its project business processes. That means it is responsible for the operational and financial aspects of the projects the company executes, ensuring profitability and value added to the company. It manages the project business of the company. What Makes a Good PMO?Ī project management office does more than just manage projects. It accomplishes this through standardizing project processes and policies and by systemizing these methods through technology. The purpose of a PMO is to ensure success from every project in which the company engages so that it contributes value to the business. The MI-GSO | PCUBED team has since transitioned responsibility back to the Portfolio Office which is driving the ongoing continuous improvement action plan.The PMO (Project Management Office) is the department within a company or organization that sets the guidelines and success metrics for project management. With the new framework and processes in place, the client organization has addressed the funding inconsistencies between departments and improved its project approval performance. They also refined their existing process to support 7 key portfolio delivery elements: To achieve the above goals, the MI-GSO | PCUBED team developed and deployed a Portfolio Management Framework based on Axelos Management of Portfolio (MoP) standards.
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