How does mentoring project managers contribute to project success?

Key performance indicators (KPIs) for Project Management Offices (PMOs) can vary depending on the organization's goals and objectives. However, some common KPIs include:

1. Project completion rate: This measures the percentage of projects that are completed on time and within budget.

2. Benefits realization: This measures the extent to which the benefits outlined in the business case are achieved.

3. Stakeholder satisfaction: This can be measured through surveys and feedback from project stakeholders.

4. Project quality: This can be assessed by the number of defects or issues identified during project execution.

5. Resource utilization: This measures how efficiently resources are used in the project.

6. Risk management effectiveness: This can be assessed by the number of identified risks that were successfully mitigated or avoided.

Synchronizing projects with organizational objectives is crucial for several reasons. Firstly, it ensures that all projects align with the company's strategic goals, which increases the likelihood of project success and organizational growth. Secondly, it helps in resource allocation, as resources can be directed towards projects that contribute to achieving key objectives. Lastly, it improves communication and understanding among team members as everyone is aware of the project's purpose and how it contributes to the organization's goals.

Only 23% of organizations use standardized project management practices across the entire organization.