All the abbreviations in Project Management Software
The world of project management is populated by a certain number of acronyms and abbreviations. And it is not always easy to identify them. PMO, PPM, PGMO… Sciforma helps you to decipher these acronyms specific to project management.
PPM: Project Portfolio Management – Project portfolio management
This first acronym simply designates project portfolio management. We often talk about PPM software (to replace project portfolio management software because it’s always a bit long to write). Sciforma is for example a PPM software which allows you to prioritize, select and monitor a set of projects (project portfolio). PPM can also be used to designate the Project Portfolio Manager.
PMO: Project Management Office
What does PMO stand for? PMO acronym stands for Project Management Office (or Project Management Officer, sometimes even Portfolio Management Office). It’s the department or person responsible for managing projects at the portfolio level. The PMO is responsible for project management standards, ensures that the projects launched are aligned with the objectives of the company, the general health of the portfolio, manages reporting and centralization of information (among other tasks). If you are thinking of starting a PMO in your business, check out our infographic.
EPMO: Enterprise Project Management Office – Enterprise Project Management Office
The Enterprise Project Management Office is an enterprise-level project management office. EPMOs are often set up in companies with an international reach that manage projects on a larger scale. The EPMO supervises and supports the PMO network and ensures that each department follows the same standards. According to the PMI Pulse of the Profession 2017, half of the companies that have a PMO have also established an EPMO.
PGMO: Program Management Office
The Program Management Office is a department which has substantially the same functions as a PMO but, instead of managing project portfolios, manages program portfolios and has to ensure their overall achievement and their alignment with the company strategy. In very large companies, it may happen that PMOs are placed within PgMOs.
PPMO: Project Portfolio Management Office
The Project Portfolio Management Office will bring together projects, project & program portfolios. This is a very large-scale management that will be implemented within companies that have a high degree of maturity in project management. The PPMO must ensure that projects, portfolios and programs meet the objectives of the business.
Are you more comfortable with PPM acronyms? Now, why don’t you assess your PPM practices: download our guide and evaluate your project efficiency.