UBS

Project Management Office (PMO)

What is Project Management Office (PMO)?

PMO stands for Project Management Office, where specific functions and responsibilities may vary by company, in general. A PMO is responsible for the centralized and coordinated management of all projects in an organization. It could be carried out by a department or the whole organization.

A successful PMO understands the company’s strategy and maintains a clear overview of all current tasks going on in a project. A PMO tries to ensure that current and future projects are aligned with the pre-decided strategy. Ultimately, the department will work with senior management to make sure that the right work is being done as efficiently as possible to accelerate the business.

A PMO makes it easier for your company to work on the right things by prioritizing them according to the corporate strategy. It also enables the transparency of important data available keeping employee capacity in mind.

Also, See: Agile Project Management

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