Book excerpt: The objective of the Project Management Office (PMO) focused on contributing to competitive advantage and adding value to an organization and its customers to achieve desired organizational performance. Learn how outsourcing PMO functions can help your organization operate more efficiently than your competitors, and provide your customers with more value with this detailed study and guide. This study explains how PMOs operate and why more companies are outsourcing these functions to improve organizational performance. Learn the risks and drivers involved with outsourcing PMO functions as well as the benefit of doing it right. Relying on both a global quantitative and qualitative approach, the author conducts numerous case studies across different industries. The case studies involve • The financial retail industry in India; • The energy and power industry in the United States; • The manufacturing industry in the United States; • The mining industry in South Africa. Results from both quantitative qualitative examination of these case studies, along with surveys, show that outsourcing functions has a positive impact on organizational performance.