Final answer:
PMOs contribute significantly to establishing effective administration procedures for project management, including planning, budgeting, and scheduling, and act as repositories for performance reports.
Step-by-step explanation:
A major contribution of PMOs (Project Management Offices) is to establish project administration procedures for selecting, initializing and planning, budgeting, and scheduling projects. They also serve as a repository for reports on the performance of these processes. Given the complexities of ensuring project efficiency and staff allocation, especially when new programs are implemented without dedicated staff, PMOs play a critical role in maintaining project coherence, efficiency, and effectiveness. Team members often face challenges in balancing participation in new project initiatives with their regular funded projects, a task made more complicated when operating under restrictive conditions, such as budget cuts or administrative changes. Therefore, the establishment of PMOs is vital for ensuring the streamlined administration of various projects within an organization.