A Project Management Office or PMO is a centralised body that focuses on project management within an organisation. The PMO can identify and address project management issues to support the achievement of organisational outcomes.
Implementing a Project Management Office (PMO) can have a huge impact in reducing project overrun costs and improving outcomes but if not well-implemented can be a waste of resources.
Benefits include; a focus on project management competency, developing or enhancing project management skills, ensuring consistency and uniformity of project delivery, keeping the project within timeframes and providing a centralised point of reference for the project management practice.