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What is a PMO(Project Management Office)?
A PMO is one of the departments that is commonly found in most organizations, taking care of standardization of management of projects, offering guidelines, and providing successful execution of projects.
The PMO endeavors to bring projects within the organization into alignment with strategic business objectives, reduce risk, and enhance efficiency. Let's continue below with the discussion on the role of a PMO, its advantages, and disadvantages, as well as some real-life uses.
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What is a PMO(Project Management Office)?
A PMO(Project Management Office) is a centralized body that supports the successful management of projects.
It helps set up project management standards, resources, and oversight to ensure on-time, in-scoped, and budgeted completion of projects.
- PMOs can be supportive or directive depending upon the needs of an organization.
Key Functions of a PMO
- Governance and Standards: The PMOs create and maintain a set of standardized methodologies (Agile, Waterfall, etc.), so that there is an ensured co
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