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In today’s complex company environment new projects are continuously being developed as organizations seek new ways to lessen expenses, enhance processes, increase productivity, and build their bottom line. Managing these diverse projects along with their individuals, resources, technology, and communication is really a challenging endeavor for which the risk of failure is frequently far too high. An powerful solution, created to establish a a lot more centralized management structure for large groups of projects, will be the Project Management Office (PMO). The PMO gives organizations with an infrastructure of folks, procedures, and tools to obtain powerful project management by leveraging project management standards, allocating resources, establishing consistent performance measures, and reducing duplication of efforts.
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