There are several functions that a PMO can serve: Governance, Resource Control, or Best Practices Knowledge Store. Most full-service PMOs utilize all three.
- Governance - The PMO manages methodologies/processes, prioritization, and investments that flow through the organization.
- Resource Control - The PMO assigns the resources to the investments and manages the execution.
- Best Practices Knowledge Store - The PMO manages and distributes the best practices related to project management, program management, and portfolio management.
PMO Advantage is focused on information distribution related to effectively managing the components of a PMO:
- People
- Process/Methodology
- Technology, Training & Communication
- Measurement Systems
Likewise, there is significant value to aligning the PMO with the Objectives of the Business. In other words, there are benefits to tie a PMO to effectively manage the Assets, Operations, & Enhancements within your business.
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