There are three main job roles within a Portfolio, Programme, and Project Office (also known as a Project Management Office), these include:
Project Management Office Coordinator
70% of organisations worldwide have a PMO® according to the 2016 ‘Pulse of the Profession’ report by the Project Management Institute, hence, Project Management Coordinators are essential in a myriad of sectors and industries. A coordinator is responsible for organising and supporting a programme and/or individual projects to ensure the working environment is conducive and productive, including conducting tasks such as: maintaining project documentation, conducting project forecasts, analysing progress, keeping issue logs, and coordinating meetings.
In essence, the P3O® Coordinator is responsible for ensuring that best-practice methods are utilised within projects to elevate their business value and continuation from start to close. Obtaining the Registered P3O® Practitioner status will enable you to fulfil the Project Management Office Coordinator role with utmost professional rigour.
Portfolio, Programme, and Project Office Analyst
The position of a Portfolio Office Analyst is multifaceted - individuals are expected to combine project management techniques with administration and statistical analysis. The P3O® Analyst is responsible for ensuring a consistent standard of best practice that enhances the value of a business, and conducts analysis to determine whether a project is functioning optimally, whether alterations should be made, or whether it should be stopped - advising the P3O® Manager with the results.
The Analyst must position themselves to have an all-encompassing and holistic view of a portfolio, to maximise the value and implications of their decisions based upon analysis. Individuals within this role require advanced statistical knowledge in order to monitor progress of a myriad of simultaneous projects.
P3O® Office Manager
The Project Office Manager is responsible for leading the P3O® - determining the continuation or closure of projects. The P3O® manager is a key driver of strategic excellence and is required to make pivotal decisions regarding budget, resources, and a project’s scope. In this role, individuals can expect to outline the procedures and protocol of project management standards within a business, and coordinate specialist tasks - this is the highest “rank” in a P3O®.
A PMO/P3O® manager is expected to tailor and draw upon a range of standardised methodologies when devising the portfolio plan, including P3O®, PRINCE2®, and MSP® - and are therefore required to have extensive project management knowledge. During the development of a portfolio office, the scope of the tasks and decisions that should be made are unclear; hence it is essential for the office manager to take the lead to deliver the business’s vision and ensure operations align with the predetermined objectives.
P3O® Salary
The median salary of a member of a Portfolio office is £62,500 in 2017, according to https://www.itjobswatch.co.uk/jobs/uk/p3o.do
*information correct as of June 2017