The implementation of Project Management is proven to add value to your organization. An investment in PMO will help your organization to establish clear goals, benchmarks, performance metrics, processes and procedures.
It has now well accepted that the implementation of project management practices adds value to any organization. One recent study showed a 28% ROI1 from project management initiatives in IT organizations. However, what is the reality in developing and following such practices? Are the returns on investment so easily shown? What are the key steps or processes for these returns to actually occur? Experience and examples from the field points to the following critical steps in becoming a better project management organization.