Section 3 – PMO RecommendationsThe purpose of the Portfolio Project is to synthesize current research about the project management office (PMO) for the purpose of developing a PMO recommendation. The Portfolio Project is structured to help you demonstrate understanding of the course material, as well as the implications of new knowledge gained from research beyond the course readings and lectures.Your Portfolio Project will be developed in three independent but cohesive sections, which considered in whole constitutes your PMO recommendation. The three sections are: Section 1: Subject Organization and RationaleSection 2: PMO Mission, Charter, and CompetencySection 3: PMO RecommendationsSections 1 and 2 will be submitted as Portfolio Project milestones in Modules 3 and 6, respectively.Section 3 will constitute your final Portfolio Project assignment, which due at the end of the course in Module 8.Based on your Section 1 choice, one of the two PMO recommendation options will be performed for your Portfolio Project assignment, which are described as:Option #1: Recommendation for the implementation of a new PMO- or -Option #2: Recommendation for the advancement of an existing PMOFor Section 1 (submitted in Week 3): Subject Organization and Rationale of the Portfolio Project, you are required to select a subject organization for developing a PMO recommendation. The subject organization must have an international/global aspect and may be your workplace, an organization that you are familiar with, or an organization that is based on your research.For Option 1, the subject organization must exhibit the characteristics and attributes of a viable candidate for benefiting from a PMO.For Option 2, the subject organization must exhibit a functioning PMO as qualified by the PMO competency continuum.A key aspect of the Portfolio Project Section 1 is to secure instructor approval for the Portfolio Project subject organization selected, which is required before commencing with subsequent Portfolio Project sections.Based on your research of the subject organization, substantively address the following key elements:Subject organization information:Organization nameOrganizations mission, vision, and values statementIndustry type and organization demographicsDescription of organizations cultureExecutive sponsor and key stakeholdersPMO business case:Assessment of existing project management:Project management methodsProject management toolsProject management experienceProject management maturityPerceived PMO benefits for the organization:Overarching business rationaleLong term measurable goals (2-3)First year specific goals and metricsQuantified value proposition (short and long term)For Section 2 (submitted in Week 6): PMO Mission, Charter, and Competency of the Portfolio Project, you will build on the information detailed in your Portfolio Project Section 1. Based on analysis of your subject organization and further research, purpose the PMOs mission and vision, PMO charter, and PMO competency continuum stage resultant from your Option 1 or Option 2 recommendation. To this end, substantively address the following key elements for your subject organizations PMO recommendation:Develop the PMOs Mission and Vision including:State the PMO mission and vision.Validate alignment with subject organizations mission and vision.Designate key PMO stakeholders.Develop the PMOs Charter:State the PMOs business purpose.Describe the PMOs business alignment and affiliation.Designate the PMOs empowerment authority.Describe the PMOs fiscal management.Identify the Charter approval.Relate to the PMO competency continuumDesignate the PMO competency continuum stage.Justify the subject organizations designated PMO competency continuum stage determination.Correlate the designated PMO competency continuum stage to the Organizational Project Management Maturity Model (OPM3).For Section 3 (submitted in Week 8): PMO Recommendations of the Portfolio Project, you will build on the information detailed in your Portfolio Project Sections 1 and 2. Based on analysis of your subject organization and further research, develop either Option 1 or Option 2 recommendations for key aspects of the PMO that optimally support the subject organizations PMO framework as designated in Section 2. To this end, substantively address the following key elements for your subject organizations PMO recommendation:Designate recommendations, with appropriate rationale, for each of the following PMO key elements:PMO typePMO structurePMO culturePMO project methodsPMO project toolsPMO governancePMO risk managementPMO business integrationPMO global challengesOther relevant PMO considerationsRecommend professional development for PMO advancementApply aspects of the project manager competency development (PMCD) framework for the PMOs professional development.Designate professional certification requirements.Describe mentorship role.Identify project and portfolio leadershipSubmit your Section 3 Portfolio Project final assignment as a single Microsoft Word document to the Module 8 submissions area established for this purpose.Your essay should address the following requirements:Your well-written PMO recommendation essay thesis should be 12-14 pages in length, which does not include the title, reference, or appendix pages. You need to add headings and subheadings associated with each of the bullet points listed in the Section 3 requirements.Format your paper per the CSU Global Guide to Writing & APA (Links to an external site.) standards, which includes an introduction and conclusion.Include title and reference pages.In addition to your course textbook, cite at least six current (published within the past 5 years) scholarly resources (peer-reviewed, official governmental reports, and other scholarly source) to support your suppositions, assertions, and conclusions. To enhance your learning experience, scholarly resources are available from the CSU Global library.Include an appendix for tables and figures as appropriate.