The PMO in a company is constantly answering new questions and filling requirements from every direction - from management, resource managers and project managers. Most of the time, the answer is not obvious, especially with complex questions such as: Is the portfolio feasible? Do we have the right priorities? What about the value of the portfolio? and, Who can actually replace Ms. Watson next month?
The PMO is the central hub between corporate management and all others. It is a strategist, fire extinguisher, consultant and supporter, and it plays a central role in the success of the project portfolio.
According to the PMO status report "The State of the Project Management Office", a PMO provides companies with the following benefits:
- 43% better project focus on current business goals
- 25% fewer failed projects
- Cost savings per project of around $175,000
For a PMO to be so powerful and able to cope with the dynamics of so many inquiries, it must be able to quickly evaluate the project portfolio including resource management. Meaningful reports and charts are therefore a must, so that...
- management is able to make important decisions quickly,
- resource managers can get the most out of their employees,
- and project managers can complete their projects on-budget.
We at Meisterplan know which questions PMOs have to answer over and over again. Therefore, Meisterplan has preconfigured reports ready for PMOs. Today, we will briefly summarize the top reports that make it easy for PMOs to give the best support to senior management, resource managers and project managers.