3. • Project office is a branch or department within a
business, agency or enterprise that defines and
maintains the standards for project management
in the organization.
• The project office is essentially set up with the
limited purpose of executing a specific project.
• It allows companies to establish a business
presence for a limited period of time.
• It guides the practices relating to management
and implementation of projects in an
organization.

4. • The project repository: This model occurs most often in
organizations that empower distributed, business-centric project
ownership, or enterprises with weak central governance. The
project office simply serves as a source of information on project
methodology and standards.
• The project coach model: This model assumes a willingness to
share some project management practices across business
functions and uses the project office to coordinate the
communication.
• The enterprise project management office: This model also
assumes a governance process that involves the project office in all
projects, regardless of size, allowing it to assess scope, allocate
resources and verify time, budget, risk and impact assumptions
before the project is undertaken.

5. The establishment of a project office is guided by a legally binding
contract.
This project must be:
• Funded with remittance from abroad directly;
• Funded by a joint or multilateral financing agency;
• Cleared by an appropriate authority; or
• Based on a contract awarded by a company or entity in India which
in turn is funded by a public financial institution or bank in India.
If the project does not meet the above criteria, the entity must
obtain special approval from the RBI. Project offices are permitted
only for activities to execute the project under approval; all
unrelated activities are forbidden.