Tuesday, August 31, 2010

Future of Project Management - Trend 2

There will be an increase in the number of centralized project management structures or Enterprise Project Management Offices

Organization’s project management functions will be centralized through the creation of an “Enterprise Project Management Office” or EPMO. This will help them to ensure that the projects that get initiated and implemented are supportive of their organizational strategies.

While many organizations have introduced the “Project Management Office” (“PMO”) to be an agent of change and created a project management infrastructure for the organization or department, the trend will be a more strategically focused project management function focused on ensuring that the portfolio of projects are prioritized, resourced and strategically aligned.

Global organizations will continue to have local PMOs but all will report into a single EPMO – using similar project management processes, tools and templates.