Project Management Office (PMO) is typically responsible for bringing in best practices for processes relating to the execution of large/ medium sized projects. It is the group that defines and maintains the standards of processes related to project management within the organization. The PMO ensures that the projects are carried out in accordance with the guidelines set for all important aspects, namely:
- Reporting & Communication
PMO group looks for repeatability in activities and brings in consistent processes so that they are executed in similar manner. PMO should not be seen as an external group forcing project managers ‘to do things in the right manner’ but should be aligned with the execution team to deliver results jointly. PMO group, on the other hand, must acknowledge the nuances of the organization and customize the best practices and processes to suit the realities prevailing in the organization.
For large infrastructure projects, the need of the PMO group is acute to ensure successful execution of the project. As per a recent survey, 90% of projects do not meet time/cost/quality targets. Only 9% of large, 16% of medium and 28% of small company projects were completed on time, within budget and delivered measurable business and stakeholder benefits. Aqua MCG understands the importance of PMO’s role in successful execution of large infrastructure projects and have been instrumental in managing such project in the past, be it Organization Build-up, or setting up a Greenfield Project, or Program Managing several large scale projects, etc. Some of the works that Aqua MCG has done in the past are:
Aqua MCG understands the typical responsibilities that lay with a PMO group but over and above those, have been instrumental in the actual execution and delivery of the projects as well. Managing a large capital expenditure project with strict
regulatory constraints and compliance, environmental protection outlook, and a
large sum of money at stake can be a formidable task. Aqua MCG has been
instrumental in not only the adherence of schedule, budgets, process and best practices
for large infrastructure projects but has played a pivotal role in executing
the capital intensive projects. We have successfully delivered large project implementations
where hundreds of crores rupees were at stake. We are not the typical
run-of-the-mill PMO which act largely as a support group but understand and execute the
responsibility that the client bestow on us with utmost sincerity.