...more efficient use of project resources by using a “shared service” and improve corporate capability to launch products. ------------------------------------------------- Challenges in implementing a PMO * Formalization of PMO faces the issue of change implementation, which might disrupt already existing informal practices within the organization. * Finding executives with domain expertise and project management skills. * Obtaining complete and sustained top-management support for authority. * Managing a diverse range of related and unrelated projects to achieve the maximum organizational value within resource and funding constraints. * Deliver immediate improvements in project performance and justify the cost * Lack of standardized reports and reporting frameworks for all projects. * Manage the conflicts between new business critical initiatives and operations with incremental changes in the existing system. * Handle conflicts between line managers and project managers. * Evangelize the idea of PMO to induce it in company’s organization. * Assigning metrics to ensure the PMO functions and roles will meet the business goals of your organization ------------------------------------------------- Essentials for successful PMO implementation: * Understanding the risks, challenges & work processes unique to the industry * Project portfolio...
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