Posted by Marbenz Antonio on February 1, 2023
The P3O model is made up of one or multiple Project Management Offices (PMOs) that offer various services, including portfolio offices, program offices, project offices, and centers of excellence.
Due to the multitude of considerations involved in designing a P3O model, no two P3O models will be identical across organizations. For instance, a global company might have a portfolio office and varying numbers of program and project offices in each country, whereas a UK company may have a centralized portfolio office located at its headquarters. Similarly, a company with distinct business units, such as retail and wholesale, will have a unique P3O model.
Many organizations have developed isolated PMOs without a comprehensive design, leading to a chaotic structure with multiple reporting systems throughout the company, resulting in a significant management issue. In such scenarios, people may begin to doubt the necessity and value of having separate offices and question the cost. As a result, PMOs are often questioned about their purpose, role, and stakeholders.
Here at CourseMonster, we know how hard it may be to find the right time and funds for training. We provide effective training programs that enable you to select the training option that best meets the demands of your company.
For more information, please get in touch with one of our course advisers today or contact us at training@coursemonster.com