Growing organizations become a hotbed of opportunities - new product lines, new features, new ideas. But with that growth and increased opportunity comes an element of chaos. Your organization might be experiencing strained capacities, frustrated teams, and endless to-do lists.
You’re in a constant state of change and evolution, all while competing with other companies who may have more resources and larger budgets. In order to keep up with your priorities and continue to scale your business, you need a Project Management Office (PMO) to manage organizational assets and opportunities. In this article, we’ll explore what a PMO is and why it is such an asset for
growing businesses.
A Project Management Office (PMO) can be a department within an organization or an outsourced third-party who is responsible for defining and maintaining project management standards and practices to best serve the organization’s goals and needs. PMOs ensure that projects are aligned with the organization's strategic goals, monitor project progress, manage shared resources effectively, and facilitate communication among key stakeholders. In essence, a PMO acts as a driving force behind successful project execution.
A PMO implementation, then, is the process of establishing this critical function within a business. It involves defining the PMO's role, responsibilities, and processes, selecting the right tools and technologies, and building a team capable of managing and supporting projects across the organization.
One of the best parts? It doesn’t cost as much as you might think.
Maybe you’ve looked into a PMO offering and thought you couldn’t afford to implement it (more on this later). Maybe you’ve assumed that it’s a step for future consideration. The truth is that many small to midsize businesses will continue to spin their wheels and fall short of their true potential without implementing a PMO. Does your business experience any of the following issues?
Without a standardized project management approach, projects lack coordination and oversight, resulting in delays and missed deadlines.
Does it feel like a “first come, first served” situation when you’re approving project budgets? Are you sure the projects you’re currently working on are delivering what’s most valuable to your organization? Effective project prioritization is critical to make sure you’re getting the most from your resources’ efforts.
Do you have line of sight into how much time each of your key project stakeholders are spending on projects each week? Inefficient resource management leads to resource burnout and unexpected expenses that strain the budget.
Without proper quality control measures, projects may not meet the desired standards, leading to dissatisfaction among clients and customers.
Without strategic alignment, small businesses may miss opportunities to capitalize on emerging trends or market shifts.
Small businesses often face resource constraints. Every dollar and hour counts; every decision for one department has a repercussion in another. Without a PMO, it's challenging to allocate resources optimally. This can lead to frustrated team members and an inefficient workflow. A PMO helps identify resource bottlenecks, reallocates them as needed, and ensures that projects get the resources they require, reducing waste and improving efficiency.
For a small business to continue growing, achieving strategic goals becomes crucial. However, these goals can be challenging to translate into actionable projects without a PMO. A well-structured PMO ensures that every project contributes to the overarching business strategy, keeping the organization on track towards its long-term objectives.
Risks are inherent in any business endeavor. Without a PMO, small businesses may struggle to identify, assess, and mitigate risks effectively. A PMO's ability to identify and mitigate project risks and manage them effectively can help small businesses avoid costly pitfalls and navigate challenges more successfully.
Ineffective communication can lead to project delays and frustration amongst team members. Establishing clear communication channels and change management through your PMO ensures that everyone involved in a project is on the same page. A healthy, proactive communication flow fosters true collaboration and peak efficiency.
At Brewster Consulting Group, we not only understand how important communication and efficiency are to a growing small or midsize business, we’ve delivered outstanding PMO results to multiple organizations while working within their budgets. Here are some frequently asked questions we’ve received before partnering with other businesses.
Hiring and training an in-house PMO team can be expensive and time-consuming. Brewster Consulting’s PMO Implementations are customized to your needs and deliver expedited tangible results, all without the pain of hiring and training full-time employees.
Brewster Consulting specializes in implementing data-driven PMOs at small to mid sized businesses. Our team has multiple PMP-certified project managers with extensive experience in PMO implementations. By following PMI guidelines in all of our engagements, you can rest assured that your implementation not only follows best-practice, it is also tailored to your unique business needs.
As your business grows, so do your project management needs. Brewster Consulting can scale its services to accommodate your evolving requirements, ensuring that you always have the right level of support.
By outsourcing your PMO implementation to Brewster Consulting, you can focus on what you do best – running your business. Leave the project management complexities to us, while you reap the benefits of streamlined operations and strategic alignment.
By partnering with
Brewster Consulting, you can ensure that the framework you’ll use to implement your projects align with your strategic goals, and are executed efficiently, ultimately driving growth and profitability for your business.
Brewster Consulting Group specializes in empowering organizations through comprehensive data management, fractional coo, process improvement, and project management services. Unlock the potential of your data and enhance your business processes with our tailored consulting services.
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