An enterprise project management office (EPMO) differs from a traditional PMO in that it operates at a strategic level in collaboration with executives to ensure projects and portfolio activities are conducting to the benefit of the overall business.
One of the most common reasons for project failure is the misalignment between project goals and business strategy. Organizations that establish an enterprise project management office (EPMO), with the goal of aligning projects and strategy, suffer 33 percent fewer project failures, according to the Project Management Institute’s “Pulse of the Profession 2017: Success Rates Rise.” Organizations are increasingly adopting the EPMO structure, whereby project, program and portfolio managers are involved in strategic planning sessions right from the start to increase project success rates. If your company is weighing setting up an EPMO, here’s everything you need to know.
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