Today businesses are focusing on core competencies and outsourcing those functions which are not their core-competence. They are exploiting all type of resources available to the full extent, equipping core functions with talented staff, efficient material, training, automated systems and fine tune processes.
PMO is the CoE (Centre of Excellence) function in an organization focused primarily on Project Management activities. PMO can be a separate function in an organization or it can be outsourced to experts.
Following are a few of the basic things involved in setting up a PMO:
Functions can be: