The effective management of project portfolios - including short-term projects, large multi-project programs, or both - has become a growing challenge for industry, government, and other institutions. Many organizations have identified the need to set up centres for the co-ordination and practice of project management, thus allowing them to work more effectively and to their best ability. This volume provides expert advice, information, concepts, and working models for all organizations wishing to improve, standardize, and optimize their project management. It covers all aspects of establishing a program management office (PMO), from selecting a leader, structuring the PMO, and defining a workable charter. It also takes a detailed look at the three primary missions of the effective PMO - developing, managing, and growing portfolios; mentoring and actively managing projects; and the education, training and development of those involved with a project knowledge base.