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Description PMO for SuccessTranscending the traditional PMO focus (which attempted to enhance enterprise value by controlling and elevating PM standards and methods), trends in PMOs increased strategic integration, enhancing business performance. Garibaldi (2015) reported that “effective portfolio management supports movement toward strategic goals within a competitive and rapidly changing market” (p. 5).Describe how portfolio management can improve PMO business value. Has globalization influenced this PMO trend? Explain why or why not.Additionally, provide answers to the two discussion board questions below with substantive contributions that advance the discussion dialog by offering examples, extending the explanation, and/or asking thoughtful questions as well as support your arguments and conclusions with scholarly references.1. What is a key success factor in the Project Portfolio Excellence? 2. What are some of the key activities in the Conduct Project and Portfolio Review functions?ReferencesGaribaldi, C. (2015, November). Delivering on strategy: The power of project portfolio management [PMI® Thought Leadership Series]. Project Management Institute, Inc. Available from, K.,


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