Great Expectations

It is the start of a new year, with new goals, new budgets, and plenty of new projects on the horizon.  Accomplishing these goals on time and within Budget is simple; templates will be created, a review process will be implemented, and software will be used to track progress. All of this will reside within a Project Management Office.  The PMO will make sure that all milestones are met within 365 calendar days, and executives will be happy.  Right?