Project Management Office (PMO) “A Project Management Office (PMO) is described as a centralized, coordinating body within an organization or a project that provides a focal point for the field of project management” (Young, 2009). As such, its key function is to define and address issues that relate to management of projects in order to facilitate success in organizational results for projects. The establishment of a Project Management Office has several advantages to an organization. As the Project Management Consultant in a company considering establishing a PMO, I would put several aspects into consideration. However, a PMO has more advantages in running of a company than any potential disadvantages. As the PM Consultant for the company, I wish to mention why a PMO should be adopted. As such, the main benefits of adopting a PMO in a company are as described in the following paragraphs. Reasons for Adopting the PMO Many companies across the continent have been struggling to deliver projects within budget, but with minimum success. However, several management challenges faced by these companies have resulted in unsuccessful attempts to meet their targets. Project success rates have been reported to decrease in the recent years due to failure in management. “As such, there has been a dramatic increase in late and over-budget projects in 2010, as compared to 2009” (Krigsman, 2011). Table 1.0 shows the summary for projects statistics for the years 2009 and 2010. Risk Factor                                                    2009 Average  2010 Average Percentage of projects taking longer than expected.            35.5 percent  61.1 percent Percentage of projects with costs exceeding allocated budget.  51.4 percent  74.1 percent Percentage benefits realization from delivered projects.       67.0 percent  48.0 percent  Table 1.0: Projects Statistics for the year 2009 and 2010 Source: ZDNet (2011). On the other hand, latest survey from the PM Solutions Research has indicated that PMO has a significant contribution to project success. The detailed results of PMO contribution are as given below (PM Solutions Research, 2010):   * 31 percent reduction in failed project.   * 30 percent of projects delivered under budget.   * 21 percent improvement in productivity.   * 19 percent of projects delivered ahead of schedule.   * 17 percent saving per project has been confirmed.   * A 13 percent increase in resource capacity. As a result, it is mandatory to implement a PMO in order to experience improved project success rates. However, there are several guidelines to be followed to ensure the PMO benefits are accompanied with high-success rates. Some of the benefits of establishing a PMO in the company are described below (Young, 2009).   * Focus on improvement in project management competency.   * Knowledge and project management skills are improved through training.   * There are increased levels of uniformity and consistency in project delivery.   * There is a reduction in project overruns, hence, improved delivery speeds.   * Customer satisfaction as a result of meeting product requirements.   * There is a common point for the project management service.   * Archiving proj