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A PRACTICAL practice

About 6 pages (1,690 words)

PM Network, March 1st, 2005

INVESTING IN A PMO GIVES FOUR BUSINESSES AN UNDENIABLE EDGE AND UNPARALLELED EFFICIENCY.

Program management offices are an important facet in the structure and organization of today's project-based companies, in a survey of more than 2,400 worldwide, "world-class" companies-defined by Atlanta, Ga., USA-based The Hackett Group as organizations with fine-tuned best practices that render a company both effective and efficient-50 percent of respondents managed IT projects through a formal, permanent Program Management Office (only 25 percent of median companies had PMOs).

Of course, the initial ...

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