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The Project Management Office (PMO) is typically responsible for overseeing the review of technology projects valued at $1 million or more. This team's primary role is to ensure that projects align with the organization’s strategic objectives, meet governance standards, and use best practices in project management methodologies. They examine whether the project's scope, budget, and timeline are appropriate and if the necessary resources are available.

The PMO is equipped to conduct comprehensive assessments of technology initiatives, taking into account factors such as project feasibility, risk management, and return on investment. Their involvement is crucial in maintaining oversight and providing guidance throughout the lifecycle of large-scale projects to ensure successful outcomes.

The other teams listed have distinct roles. The Contract Management Team focuses on the effective management of contracts and compliance rather than project evaluation. The Quality Assurance Team is concerned with ensuring the quality of the outputs and processes but does not typically engage in project valuations. The Procurement Review Board might evaluate procurement processes and compliance but may not specifically review individual technology projects of that scale. The specialized function of evaluating such technology projects positions the PMO as the key player in this context.