What are some important terms?

• *Project Management Office (PMO): It is an organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques. 

• *Program: A group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually. 

• *Portfolio Management: The centralized management of one or more portfolios to achieve strategic objectives. 

• *Subproject: A smaller portion of the overall project created when a project is subdivided into more manageable components or pieces.