Section 1: Subject Organization and RationaleThe 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.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 RecommendationsSection 1 and Section 2 will be submitted as Portfolio Project milestones in Module 3 and Module 6, respectively.Section 3 will constitute your final Portfolio Project due at the end of the course in Module 8.Please choose from one of the two PMO recommendation options offered 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: 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 nameOrganization’s mission, vision, and values statementIndustry type and organization demographicsDescription of organization’s 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)Submit your Section 1 Portfolio Project Milestone assignment as a single Microsoft Word document to the Module 3 submissions area established for this purpose.Your essay should address the following requirements:Your well-written PMO recommendation essay thesis should be 4-6 pages in length, which does not include the title, reference, or appendix pages. You need to add headings associated and subheadings with each of the bullet points listed in the Section 1 requirements.Format your presentation according to the APA guidelines in the CSU Global Writing Center (Links to an external site.), which should include an introduction and conclusion.Include title and reference pages.In addition to your course textbook, cite at least three current (published within the past 5 years) scholarly resources (peer-reviewed, official governmental reports, and other scholarly sources) to support your suppositions, assertions, and conclusions. To enhance your learning experience, scholarly resources are available from the CSU Global Library (Links to an external site.).Include an appendix for tables and figures as appropriate.Please write clearly, concisely, and cohesively; use section level headers to organize the key elements of your thesis.Useful resources:Chapters 3 & 4 in The Complete Project Management Office HandbookPart 1: Chapter section 1.1; Part 2: Chapter sections 1.3-1.4; Part 3: Appendix X4 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)PMSRC: Module 1; Module 4, pages 1-3; and Module 7, page 4Alnaggar, A., & Pitt, M. (2019). Towards a conceptual framework to manage BIM/COBie asset data using a standard project management methodology. Journal of Facilities Management, 17(2), 175–187. https://doi.org/10.1108/JFM-03-2018-0015Issa, R. (2018). Scaling Up. PM Network, 32(1), 18-19.Martinsuo, M. (2020). The management of values in project business: Adjusting beliefs to transform project practices and outcomes. Project Management Journal, 51(4), 389–399. https://doi.org/10.1177/8756972820927890Scheiblich, M., Maftei, M., Just, V., & Studeny, M. (2017, Nov). Developing a project scorecard to measure the performance of project management in relation to EFQM excellence model. Amfiteatru Economic, 19(11), 966-980.