Within the last several years, companies have come to realize that the knowledge collected on project management is intellectual property and must be treated as such. The project office concept seems to be the preferred method by companies for the collection, distribution, and updating of the intellectual property. Because this intellectual property can affect all aspects of the business, the project office has been assigned additional responsibilities such as portfolio management and an input into the strategic planning process. The project office also may have the responsibility for benchmarking, administration of tools, and compliance to the project management methodology.
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