From the course: Project Portfolio Management Foundations
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PMO
- From a portfolio management standpoint, how the Project Management Office, or PMO, works is far less important than what it does. Regardless of the model being used, PMOs exist to support effective project delivery. And portfolio management relies on that effective delivery to achieve results. There are many different approaches to PMOs in use today. Many businesses also have multiple PMOs, department specific, an enterprise or EPMO, and a center of excellence for coaching support and process improvement for example. For portfolio management to be effective, all of the PMOs directly associated with project delivery must work together, creating a network of interrelated PMOs. The model the organization uses and the number of PMOs they have doesn't matter. But every PMO must have a clear mandate from leadership, a purpose, and a set of goals that is managed towards achieving. That mandate must include portfolio management support. This is necessary to provide consistency across all…
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