As companies begin to recognize the favorable effect that project management has on profitability, emphasis is placed upon achieving professionalism in project management using the project office concept. The concept of a project office (PO) or project management office (PMO) could very well be the most important project management activity in this decade.
With this recognition of importance comes strategic planning for both project management and the project office. Maturity and excellence in project management does not occur simply by using project management over a prolonged period of time. Rather, it comes through strategic planning for both project management and the project office.
General strategic planning involves the determination of where you wish to be in the future and then how you plan to get there. For project office strategic planning, it is often easier to decide which activities should be under the control of the project office than determining how or when to do it. For each activity placed under the auspices of the project office, there may seem pockets of resistance that initially view removing this activity from their functional area as a threat to their power and authority.
They are so many theories about Project Management Office/Program Management Office(PMO). Todays it’s commonly used in many fortune 1000 companies to optimize their projects.