What is it?
Project Management office definition
In a business or professional
enterprise, the Project Management Office (PMO) is the department or group that defines and
maintains the standards of processes, generally related to
project management, within the organization. The PMO strives
to standardise and introduce economies of repetition in the
execution of projects. The PMO is the source of
documentation, guidance and
metrics on
the practice of project management and execution.
More details on Wikipedia.
Why a Project Management Office?
According to a
KPMG survey of 252 organisations, technology is not the most
critical factor in project management. Inadequate project management implementation
constitutes 32% of project failures; lack of communication
constitutes 20% and unfamiliarity with scope and complexity
constitutes 17%. Accordingly 69% of project failures is
due to the lack and/or improper implementation of project management
methodologies.
Virtual Project Management office definition (VPMO)
In a Virtual Project Management Office (VPMO), the resources allocated to the
core PMO role are outsourced while the project managers running the projects can
be either internal or external. A VPMO will take over the following
responsibilities:
- implementation of methods, tools and processes needed
in the enterprise environment in order to increase the
success rate of projects.
- follow-up of project results in order to adapt the
methods and tools according to past experiences and
lessons learned
- training and coaching of project managers in the methods
and tools in order to be compliant with professional project
management discipline.
However, it will not allocate the resources to
the projects. That responsibility must stay within
the enterprise.
Traditional versus Virtual PMO comparison
Traditional PMO
|
Virtual PMO implemented by Marakoudja
|
|
Your experienced project managers are busy implementing
and maintaining the PMO |
Your experienced
project managers are available for your key projects.
Marakoudja gives you back your talented project
managers. |
| The
risk to overloading the project managers with bureaucratic
reporting is high |
The Virtual PMO is
implemented according to your needs. The key is
right-sizing your PMO. |
|
Your PMO is in great danger should your champion take on
other responsibilities |
Marakoudja's team is
fully dedicated to the maintenance of your VPMO.
Marakoudja ensures continuity. |
| The
full implementation of your PMO will probably take many
months |
Marakoudja offers a turn-key VMPO implemented in iterative
fashion. You'll see
results within three 3 months of the initial
audit. Marakoudja delivers
speed and efficiency. |
As per a
KPMG survey of 252 organizations, technology is not the most
critical factor. Inadequate project management implementation
constitutes 32% of project failures, lack of communication
constitutes 20% and unfamiliarity with scope and complexity
constitutes 17%. Accordingly 69% of project failures are
due to lack and/or improper implementation of project management
methodologies.
A virtual Project Management Office will increase your
efficiency. Call (+41 79 770 6586) or
e-mail
us for an initial consultation.
Coming soon ...
A standard offer to implement a Virtual Project Management
office
A case study with concrete success and pitfalls
With a Virtual PMO - you get much more for your
investment.