Responsibilities For Business Strategy

In organizations such as those in the communication and financial sectors, which have an ongoing major investment in technology, and others where project-related expenditures consume a major part of the discretionary budget, PMOs are ideally situated to take on an expanded strategic role. As shown in Exhibit 1, PMOs, by their involvement in many aspects of projects, are in a unique position to take on a central role in the project life cycle.

Exhibit 1. Potential Central Role of a PMO in the Project Initiation and Execution Life Cycle

Initiatives

Projects evaluated £ approved

Projects planned & initialed

submitted

;

PMO

y

L

1

r

A

i

Prûjatts

Projects monitored & controlled

Projects

com placed

executed

This central role, plus exposure to the life cycle of multiple projects from initiation and planning to execution and closing, places PMOs in a unique position to take a major strategic role in organizations. The strategic responsibilities of a PMO can potentially include the following.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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