Book excerpt: This paper explains how a project management office (PMO) managed service model operates and why more companies are outsourcing these functions to improve organizational performance. Learn the different outsourcing models and risks involved with outsourcing PMO functions as well as the benefits of doing it right. Relying on both a global quantitative and qualitative approach, 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 insight.