Date Added: Nov 2010
Industrial manufacturing companies face a highly uncertain business environment operating in the post-financial-crisis global economy. Leading industrial manufacturers are navigating the high-level of business and financial uncertainty through more centralized management of their projects. Such companies have sought and realized improvements in project delivery performance by implementing Project Management Offices (PMO) to support the organization's project delivery success. According to the Project Management Institute, a PMO is an organizational unit that centralizes and coordinates the management of projects under its domain. The PMO focuses on the coordinated planning, prioritization and execution of projects and subprojects that are tied to the parent organization's or client's overall business objectives.