What does a PMO do?


Project is a temporary endeavor which has definite start and end and also has assigned cost ,time attached to it.This is definition of a project .But now if you ask anyone in corporate irrespective of hierarchy all say there are no projects,there are no business.It is difficult times  business is going through.Then I wondered every IT company has a PMO (Project Management Office) .PMO looks after smooth transition of projects from initiation to migration in place.PMO also monitors  whether each project follows the Project Management practices and are also in accordance with want mentioned by client.Now I thought since each company has very less projects then what does a PMO do.But when I asked,enquired I was astonished that kind of work a PMO does .


I also understood that the importance and significance of PMO in IT company.Some of functions that PMO does are:-

1.New projects launched:-PMO looks out for new projects that have been launched and also looks out no of pipeline projects present in financial year.It also plans for these projects i.e from manpower,competencies required,cost ,schedule and also related important things.

2. Projects completed:-PMO also analyses the no of projects completed in financial year .It finds out the type of projects executed .Project category can be software development, maintenance related,business innovation and etc.

3.Status reports:-Monitoring of projects is one of the difficult tasks in a project.While executing each project there will be lot of issues,risks involved in project.It may be schedule overrun,cost overrun etc.So PMO keeps a track of the executing projects whether they are in red,amber or green.Red means danger,yellow means issues and green means  on track.

4.Trend analysis:-PMO does a trend analysis .It looks out the projects executed,projects completed and finds out a whether there is a trend or not.Based upon trend PMO analyses the forecasted projects for next year,forecasted resources and based upon that manpower and competency planning and forecasting is done.PMO also finds out ROI for each project and takes decision on type of project that it should take in future.


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