Benefits of a PMO
Today's emphasis is to do more with less.  Projects are more closely scrutinized than ever before. These challenges have motivated many organizations to implement project management offices (PMOs) to ensure that projects are delivered on time, within budget and produce efficiencies. 

Industry analysts cite these compelling statistics about a PMO's return on investment:

• Organizations with PMOs complete twice as many projects than those without PMOs.
• High-performing organizations outsource 135 percent more than low performing organizations.
• 76 percent of recently surveyed companies reported that they had created a PMO, and the longer the PMO had been in operation, the more project success rates improved.
• High-performing organizations rank in the top 25 percent in overall organizational performance based on ratings in eight measures:
 
- strategy execution
- shareholder satisfaction
- customer satisfaction
- budget/schedule performance
- financial performance
- resources allocation
- strategic alignment
- portfolio performance

• Those with a PMO operating for more than four years reported a 65 percent success rate increase.
• The top two reasons for establishing a PMO are improving project success rates and implementation of standard practices.
• 65.8 percent of high performing organizations have enterprise PMOs.
• PMOs can deliver a return in three to six months by providing the visibility needed to cancel, postpone, or scale back unnecessary or less strategic projects.
• As PMOs mature, they are significantly better at meeting critical success factors, including having effective sponsorship, accountability, competent staff, quality leadership and demonstrated value.
• The top two issues for PMOs are forecasting the need for resources and resolving resource conflicts.

Métier is delivering the first virtual PMO -- PMO Central.  PMO Central addresses not only the cost of building a mature PMO, but also quickly satisfies the difficult task of finding project management resources.   With PMO Central you will plan faster, manage smarter and execute better.

Note: These statistics come from CIO Magazine and Center for Business Practices: "State of the PMO, 2007-2008."
 
 
Merely implementing a PMO is not a panacea. Instead, it is PMO maturity that makes a difference to the organization. As PMOs become more mature, our data suggests, organizational success metrics improve.

Center for Business Practices, State of the PMO: 2007-2008