Nearly 30 percent of IT projects of more than $1 million failed in 2012, yet a company’s success or failure often depends on how well they deliver on these projects. — Gartner (June 2012)
Created and run correctly, a project management office (PMO) or enterprise project management office (EPMO) becomes a center of excellence for executing the company’s portfolio of projects and programs. The EPMO/PMO provides the company with the people, processes and tools to carry out large cross-functional programs to smaller tactical projects. However, defining a vision for an EPMO/PMO that aligns with the needs of the business is critical.