The high cost of not having a Project Management Office

The high cost of not having a Project Management Office

Starting a project can seem like a daunting task, especially when the odds are stacked against you. That’s where a Project Management Office comes into play. With this project management system, direction, scheduling, budgeting and associated risks are accounted for. PMO is there from the establishment of a project, to the measurement and risk assessment.

CIO explains in this article that poor project performance can cause organizations to waste $97 million for every $1 billion invested in projects. It’s clear that having a project management system is a worthwhile investment, as it can save your company millions.

CIO’s article also lays out seven keys steps to delivering better projects. It includes aligning company goals with project management, bridging the gap between strategy and execution, and adopting the right technology.

At Across Borders, we agree with all of these points—and we can help you achieve them. With our PMO, we set up the implementation to fit your business’s goals. We also support the basics, like project prioritization and risk management, so you can get things done. And to say we will help you adopt the right technology is an understatement. We know the industry inside and out, and we will help you select the right tools.

Align your project goals and prioritize your business’ needs with PMO. See more on our PMO services here.

After all, can your business afford to be on the wrong side of poor project performance?

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