Half of new PMOs are shut down within 3 years1. Scary… and it reminds me a bit of a TV program we have in the UK.
Grand Designs follows a member of the public who has taken on a massive project: building a new home. The homes are usually rather grand (hence the title) or unusual (one guy built a house out of straw, another built a cave-house).
Most of the “victims” have chosen to act as project manager themselves. Why do they make that decision? Well, they believe it will save money and, really, how hard can it be? Yet this one decision – to take on the project management themselves - is often the root cause of many of massive cost over-runs, delays and sleepless nights.
Setting up a PMO is a little bit like building a house, only worse. So, what’s to be done?