90% of projects do not meet time/cost/quality targets. Only 9% of large, 16% of medium and 28% of small company projects are completed on time, within budget and delivered measurable business and stakeholder benefits. [Standish Group Chaos Report].
The PMO, a relatively flat and agile organizational structure creates a project-centric mindset, using methodologies and tools, within the organization in order to increase successful delivery through accountability and empowerment. It performs two different kinds of functions: those that are project focused, short term, and remedial; and those that are enterprise oriented, long term and visionary. AstroWix brings you both to keep you ahead in the competition.
AstroWix ensures that the Project Management Office fulfills some of the criteria to Educate about and drive process change in project management methodology. It also ensures that the PMO develops repeatable project management methodologies that are applicable to a wide range of projects. AstroWix makes sure that the PMO creates initiation and project selection practices, including meaningful metrics to pick and manage the best possible project to return the most value. The PMO should provide internal consultants for troubled projects; provide resource capacity and skills management. It should also offer mentoring and career development to create professional project managers. AstroWix guarantees that The PMO selects tools for project and resource management and obtains and monitors project funding, as well as ongoing monitoring for adherence to budgets and estimates to sustain ongoing funding.
KEY ROLE of a PMO in an organization
- Advocate the PM culture by way of showing the tangible benefits of a corporate strategy
- Serve as clearinghouse for project performance data
- Disseminate best practices for more effective project execution
- Provide ongoing training on various facets of PM
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