Project management office: An office to deal with multiple projects and charged with improving the projects and charged with improving the project management maturity and expertise of the organization, as well as increasing the success rate of projects.
A project management office (PMO) is a group; internal or external to a company; that sets, maintains, and ensures standards for project management across that organization. It provides direction and introduces economies of repetitions in the implementation of projects. A PMO makes sure company measures, practices and operations go correct on time, budget, and all in the similar way. The main objective of a PMO is to attain benefits from standardizing and following project management processes, policies, and methods.
There is a range of PMO types, including:
Enterprise PMO: ensures that projects align with the organization strategy and objective.
Divisional PMO: provides support to projects for a specific business unit within an organization.
Project PMO: established for the duration of a single large project or program.