IT initiatives driven within silos, where each department maintain its own project management office, inhibits the overall cohesiveness and effectiveness of corporate strategy. This document outlines best practices to centralize and deliver a scalable and robust project management framework strategy.
project resource management tool
this goal. Capital expenditures, project duration, expected costs and benefits, and human resource utilization all affect the long-term achievement of the executive team business decisions. Executive Sponsorship It is critical for executive management support initiating, promoting, and funding a PMO initiative. A strong sponsor is required to ensure the successful implementation of a PMO. The sponsor is expected to establish the steering committee, communicate business goals, strategies and requirements,