Benefits management : EPMOs ensure that benefits are identified, justified and achieved throughout the portfolio.Project governance and process analysis : define and implement governance frameworks across the entire organisations, vertically and horizontally, and continually analysing processes to better optimise them.Portfolio Management : EPMOs are in charge of defining initiatives as well as facilitating and supporting project and programme selection and prioritisation according to the strategic plan.Strategic Management : EPMOs help facilitate the development of strategic plans and tactical master plans as well as ensuring that all portfolios, programmes and projects are strategically aligned.Traditional PMOs are often uninvolved in the overall demand management at an organisational level making it difficult to effectively forecast the organisation’s future demand pipeline.With different PMO teams running their own processes and practices, the organisation may lack complete standardisation with their project execution processes, leading to future inconsistencies and inefficiencies.This lack of visibility to the top-level executive can have the added impact of reducing leadership buy-in to the PMO's initiatives and activities.
The siloed operations of traditional PMOs, by extension, are often unable to show the big picture while reporting to key decision makers and directors.However, this often leads to a lack of strategic alignment. Due to these siloed operations, projects in traditional PMOs are often started from the bottom up to tackle problems faced at the program and portfolio level.
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