Why PPM and PMOs fail
There is a wide gap between what the PMO (Project Management Office) is doing and what the business expects it to be doing. This misalignment has serious consequences for both the PMO and the business.
If you are concerned about setting up your PMO, then maybe you should be—the failure rate is very high with approximately half of all PMOs closing down within three years or considered implementation failures.
Fortunately, it’s not all bad news. A select few PMOs are maturing to add great value to their businesses. What do these best in class PMOs do to separate themselves from the rest? With the right knowledge and an effective game plan you can make a huge difference to your PMO strategy—both strategically and tactically through the use of Project Portfolio Management (PPM).
Author: KeyedIn Projects...read more
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