People often get confused with project vs. program vs. portfolio so I thought I would give a quick rundown of the differences. Below is a simple diagram showing the relationships between each word.
PMO and Value Expectations
When someone says PMO most people think of a team of Project Managers with a long list of forms and procedures that everyone needs to follow. This might have been true in the past, but these days their is an greater expectations of the PMO to provide more value to the company. It is not enough to say you completed your project on time, schedule or budget if you can't prove those projects brought value to the company. This value expectation can vary greatly between companies and even within different departments of a company. Continue reading