PMO SECTION

The Section PMO project aims to create a structured and centralized body that will oversee a portfolio of six projects undertaken by the class. The portfolio consists of two types of projects: charity projects and market simulations. The primary objective is to enhance project performance, foster collaboration, and achieve successful execution of each project through proper documentation and reporting to the Project Sponsor.

To efficiently manage the portfolio, the PMO will provide governance, coordination, and support. It will establish a project monitoring system to track progress, milestones, changes and validate financials. This system will enable the PMO to promptly identify potential risks and catch issues, allowing for timely interventions and corrective actions. The PMO will assist project teams in managing constraints and resolving conflicts to optimize project performance.

The PMO’s role will be focused primarily on stakeholder management and status reporting. To be able to do this, the PMO will implement measures to engage key stakeholders throughout the project lifecycle. Open communication channels and feedback mechanisms will be established to ensure continuous stakeholder involvement. Their input, feedback, and support will be sought periodically to improve performance.