Next-Gen PMO
Is outsourcing the project management office (PMO) a viable solution for an organization? The fact is that there are a few key factors to consider when deciding whether or not to outsource the PMO. First, does the organization have the internal resources to manage the project effectively? If not, outsourcing may be the best option. Second, is the organization willing to invest in training for staff members who will be responsible for managing the project? Without proper training, even the most experienced staff member can make mistakes that could jeopardize the success of the project. Finally, does the organization have a clear understanding of what it wants to achieve by outsourcing the PMO? Without a clear goal in mind, organizations can end up overspending on unnecessary services or making other mistakes that could have been avoided. Additionally, they need to consider the group to whom PMO services would be outsourced (Malik, 2015). Would that group be dependable and trustworthy? Would it be able to efficiently and effectively manage a project? Thus, from these considerations it is plain to see that when it comes to outsourcing the PMO, there is no one-size-fits-all solution. Organizations need to carefully consider all of these factors before making a decision on outsourcing the PMO.
There are actually a number of advantages to outsourcing project management. For instance, one advantage is that it can help to free up internal resources, which in turn allows businesses to focus on their core competencies. Another advantage is that it can provide access to expert knowledge and experience, i.e., skills and expertise that may be lacking within the organization. In addition, outsourcing can help to improve efficiency and quality while reducing costs. It can give organizations the flexibility to scale up or down as needed. And it can help to improve project value and timeliness by aligning strategy with investment and execution (Karkukkly, 2010). When done correctly and...
…or not to outsource project management, there are a number of factors to consider. On the one hand, outsourcing can be a cost-effective way to get access to skilled labor. In addition, it can free up internal resources that can be better used elsewhere. It can speed up projects and ensure that expertise is obtained for the management of the project. It can give organizations a great deal of flexibility too in terms of how they allocate their own internal resources. Still, there are also some potential downsides to outsourcing PMO services. For example, it can be difficult to maintain quality control when working with an external contractor. In addition, there is always the risk that the contractor will not live up to expectations. There can be conflicts, coordination breakdowns, loss of control, and even negative political ramifications that could come back and bite the organization. Therefore, as with any decision, the pros and cons of outsourcing should be carefully…
References
Karkukkly, W. (2010). An investigation into outsourcing of PMO functions for improvedorganizational performance. Trafford Publishing.
Larson, E. & Gray, C. (2017). Project management. McGraw-Hill.
Malik, I. (2015). Build the next-gen PMO—by outsourcing! Emirates IntegratedTelecoms Company.
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