This text describes global best practices, competencies, and standards of superior project organizations based on research conducted by the Top 500 Project Management Forum. It details the results of seven years of benchmarking and the bottom line value of project organizations in large functional enterprises. The text also highlights enhancements

Part 1 Overview and background of the superior project organization: functions, activities, and best practices; starting and promoting the new project organization; project organization structures. Part 2 Providing support for organizational strategy: coordinating goals and missions; project portfolio management - inventory, initiation, and selection; portfolio management of project planning; global project portfolio strategy, execution, control, and termination. Part 3 Providing support for project goal achievement: managing for goal achieving speed, efficiency, and effectiveness; knowledge management - providing structured and predictable methodologies and tools; knowledge management - providing tools, standards, and training; support project manager performance. Appendices: benchmarking forum background and supporting information; project charter checklist; risk analysis matrix.