Study into Antecedents of Effectiveness of PMOs in the United Arab Emirates

Project management offices (PMOs) are a feature of large banking and financial service organizations and offer many services, including portfolio prioritization, project governance standards, tracking project risks and budget consumption and monitoring internal or external influences. A critical role of the PMO is to move the organization closer to its strategic goals and report the achievement of enterprise objectives to shareholders and stakeholders. However, it is widely recognized that 70% of projects fail to achieve strategic objectives (Standish Group's Annual CHAOS 2020 report). This research identifies and studies the factors that determine the effectiveness of PMOs- organization maturity, portfolio agility and sustainability - so appropriate actions can be taken to improve the performance of PMOs operating in the United Arab Emirates (UAE)