Corporations are crushing on PMOs.
PM Solutions just released their yearly report – The State of the Project Management Office and according to their report, PMOs are delivering a 27% decrease in project failures to their organizations.
80% of companies in the report have a Project Management Office – that’s up from a 2000 study that revealed only 47% of companies had a PMO at that time.
For the 432 companies that participated in the report, there was a 45% increase in aligning the organization’s projects with their goals.
[…] PMO leaders are stepping up to the plate: …saving their organizations an average of US$186,000 per project and improving their alignment of projects with business objectives a whopping 53%.
One of the biggest challenges that Project Management Offices have faced is an organizations resistance to change – such as standardizing the way goals, tasks and projects are being planned and executed.
Could PMOs do more for their companies?
51% of CEOs were not prepared to adopt any new changes that the PMO wanted to implement.
Here are a few more interesting stats from the report:
- PMOs are strategic resources within the organization and most of them report to a VP or higher
- 80% of the 432 organizations that were surveyed globally already have a PMO in place
- 85% of PMOs offer onsite classroom-based training and 52% rely on external trainers to teach those classes
- PMOs have 31% improvement in customer satisfaction and 18% improvement in the productivity delivered
For more, check out The State of the Project Management Office 2014 report from PM Solutions.