An organization’s project management office (PMO) is a set of resources inner to or external to the organization that handles the development, support, and provision of averages for project management across the organization. Basically, they cover the most profitable project quality and direction practices all in one place. The Project Management Office in 2023 manages all project tasks and objectives. The office will also work with the development team to ensure that the project is fully completed on time and within budget.
PM Research indicates that in 2016, 80% of organizations had a project management pmo, an increase of 5% from 2014. In addition to this, they discovered that 30% of organizations without a PMO schedule actually conduct one.