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Project Management Office (PMO)
A project management office exists for the sole purpose of managing ongoing projects and ensuring that projects align to company standards and practices. Some of the common PM methods used by a PMO include Agile, Waterfall, Scrum, and Six Sigma. While a PMO is responsible for directing teams throughout various projects, they also have other duties that aid in more efficient project management including choosing a team leader, conflict resolution, resource planning, and tool management.
What Small and Midsize Businesses Need to Know About Project Management Office (PMO)
With a PMO, SMBs report increased productivity, better time management, and an improved ability to stay on budget for projects. In many cases, PMOs tend to form naturally at a SMB, without the title, but an official PMO formation allows SMBs to better define their practices for project management.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business
