Abbreviations include acronyms, short words, initial words, strings of letters, and abbreviations. What is abbreviated is also socially determined. There are also abbreviations that are only used in a specific environment, such as in a specialist area. Abbreviations are easier to read and write, they serve faster and more concentrated communication. Abbreviations also serve to save space, e.g. B. in printed encyclopedias (source: Wikipedia).
In the world of project management, there are a number of acronyms that are not always easy to identify. PMO, PPM, PgMO … Sciforma helps you decipher these acronyms specific to project management.
This first acronym simply denotes project portfolio management. We often talk about PPM software (an acronym for project portfolio management software). For example, Sciforma is PPM software that can be used to prioritize, select, and monitor a set of projects (project portfolio). PPM can also be used to denote the project portfolio manager.
PMO stands for Project Management Office (or Project Management Officer, sometimes even Portfolio Management Office). It denotes the department or person responsible for managing projects at the portfolio level . The PMO is responsible for project management standards, ensuring that projects are aligned with the company's goals and the overall health of the portfolio, and managing (among other things) reporting and the centralization of information. If you're looking to start a PMO at your company, check out our infographic.
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 oversees and supports the PMO network, ensuring that each department follows the same standards. According to the 2017 PMI Pulse of the Profession, 50% of companies that have a PMO also have an EPMO in place.
The Program Management Office is a department that performs essentially the same functions as a PMO, but instead of managing project portfolios, it manages program portfolios and ensures their overall performance and alignment with corporate strategy. In very large companies it can happen that PMOs are placed in PgMOs.
The Project Portfolio Management Office brings projects, project and program portfolios together. It is a very extensive management that is implemented in companies with a high level of maturity in project management. The PPMO ensures that projects, portfolios and programs meet business objectives.
We hope you're a little more familiar with the PPM acronyms? How about an assessment of your PPM practices ? Download our guide and assess your project efficiency.