In today’s competitive business world, having a competent PMO team will give your company an upper hand. Even though a large number of companies are employing Project Management Office in their organization, many of them fail to achieve the desired results. This happens mainly due to a lack of understanding of how a PMO works. Even if you have a departmental PMO system, it is important to focus on the role of the Enterprise PMO. Also, in order to gain a strategic position within the organization, the PMO needs to move into the corporate aspect of the business. An enterprise PMO is more likely to get executive support, which is vital for the successful completion of a project.
Enterprise Project Management Office, also known as organization-wide PMO, is the highest rank of a PMO entity within an organization. The primary role of this PMO is to align program or project work with the corporate strategies. Aside from these, the organization-wide PMO has to handle a number of other responsibilities, some of which include ensuring and establishing enterprise program, project, and portfolio governance, performing portfolio management activities for ensuring strategic alignment and benefits realization, as well as other related functions that align initiatives with corporate strategies. The Enterprise PMO may have to facilitate governance at an enterprise level, and they may also have to incorporate strategy planning and development support.
Additionally, the Enterprise PMO may be directly responsible for influencing the lower level PMOs within the organization. Among the other roles of this Project Management Office, the responsibility of ensuring effective communication and managing multiple stakeholders are highly vital.
The Enterprise PMO is not so popular at the moment. The Organization-wide PMO in such companies put much of their focus on Project/Program Delivery Management, Portfolio Management Prioritization & Standards, Methodologies & Processes.
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