Why Establish a Project Management Office at your Company?

Why Establish a Project Management Office at your Company?

07/15/2020, 10:30 AM - 11:15 AM

Stage 4, Booth 2276, Exhibit Hall
Language:
English
There are many reasons for project failures. As per a PricewaterhouseCoopers survey of 1,524 organizations, inadequate project estimating and planning constitutes 30% of project failures, lack of executive sponsorship constitutes 16% and poorly defined goals and objectives constitutes 12%. The survey indicates that operating an established Project Management Office (PMO) at a company is one of the top three reasons that drives successful project delivery. The Project Management Office (PMO) is a service function created for the specific purpose of supporting the successful and effective delivery of a company's capital projects. By introducing project management principles into the company's organizational culture, the company has seen significant improvements, including: • A 20% reduction in operational costs • A 60% increase in market share • An increase in finalized projects to 500 per annum • A 30% reduction in the amount of time it takes to run a project

Contributors

  • Dave Koncak

    Speaker

    Senior Project Executive

    GBA Inc.

    Dave is a Senior Project Executive, leading the Asset Management and Reliability Services team at GBA. This group provides companies and...

  • Greg Spanel

    Speaker

    Director of Compliance and Validation

    GBA

    Greg joined GBA in 2017 as the Director of Compliance and Validation to lead GBA's service offering for the Life Science industry. Greg is a proven...

Objective

  1. Objective 1. Why establish a Project Management Office at your Company? 2. How to calculate/estimate the cost of the implementation of the PMO? 3. What are the factors that determine successfully setting up a PMO at your company?

Type of Session

  1. Type of Session
    Session

Categories

  1. Track
    Data/Information Management

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