Establishing a Project Management Office (PMO) Part 6 – The Timeline and the Budget

The Timeline

The PMO Sponsor must decide which priority is the greatest: Getting the PMO up and running by a specific target date or making sure the hiring (especially for the PMO leader) matches the desired traits as closely as possible. If there is a date that cannot move, it is possible some compromises will be made in the hiring process.

Once that is determined, the timeline can be fleshed out as with any other project. You do a work breakdown on the key deliverables (hiring staff, establishing policies and standards, creating/assigning work space, executing the organizational change management plan). Assign the tasks, estimate the durations, and determine dependencies. Mix all of these together and the result is your schedule for establishing the PMO.

The Budget

The budget will also be a key factor in the hiring process. The bulk of the budget for a PMO will be the salaries. The level of talent attracted will be directly proportional to the assigned salary ranges. It is possible that this, like the timeline, can also generate compromises in the hiring process.

Hiring the right people is the most important aspect of establishing a PMO. The manager of this project must do their best to convince the Sponsor to minimize compromises in the hiring process. The people you bring on board must be in alignment with the Sponsor’s vision of the PMO. In fact, a good PMO leader might also enhance the vision and show the Sponsor how the PMO might evolve over time.

Other budget factors might be established for the following:

  • Annual PMI member dues
  • Ongoing education for PDU’s
  • PM software such as MS Project
  • Subscriptions to PM related peridicals
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One thought on “Establishing a Project Management Office (PMO) Part 6 – The Timeline and the Budget

  1. […] Once that is determined, the timeline can be fleshed out as with any other project. You do a work breakdown on the key deliverables (hiring staff, establishing policies and standards, creating/assigning work space, executing the organizational change management plan). Assign the tasks, estimate the durations, and determine dependencies. Mix all of these together and the result is your schedule for establishing the PMO.” – excerpted from ProfessorPM.com […]

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