Project management offices have entered a breakout phase in terms of maturity and, consequently, overall value to the organization. According to a benchmark study from project management firm PM Solutions on the “State of the PMO 2010,” PMOs decreased failed projects by 31 percent, delivered 30 percent of projects under budget, demonstrated a 21 percent improvement in productivity, delivered 19 percent of projects ahead of schedule and saved companies an average of $567,000 per project.
PM Solutions surveyed 291 high-level project management employees from large, midsized and small organizations in various industries including manufacturing, health care, technology, finance and government.
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