Since I last blogged about the value of a centralized PMO, both Forrester Research and Standish Group have published supporting analysis that is worth sharing.
On May 8, 2009 Craig Symons published his latest analysis into the ROI of PPM, in which he points out the ways in which PPM ‘Is a Guiding Light In Turbulent Seas', by improving visibility into projects and programs. Relying on fragmented and siloed project management processes, like spreadsheets or other home-grown systems, counter the efforts of an enterprise to be lean.
Research by the Standish Group in 2009 states 24% of projects failed in 2008, with 44% are somehow ‘challenged', because of a lack of visibility into long-term project needs.
Establishing a central PMO function appears to be a key attribute of a healthy organisation according a recent independent survey commissioned by CA in 14 countries, with data from 249 respondents. In fact, no less than 86% of organisations that already have a centralised PMO view it as ‘a strategic asset when it comes to business decision-making'. This statistic closely correlated with 72% stating their PMO feeling valued.
You can download the full survey results here.
