This research paper presents a detailed operations research framework aimed at changing the Project Management Evaluation (PME) Cell from an administrative unit into a strategic decision-support centre. By analysing the functional description of the PME Cell, we identify key challenges in project selection, resource allocation, and strategic focus. To tackle these issues, we suggest using a Multi-Objective Linear Programming (MOLP) model, a technique that goes beyond single-objective optimization. This framework allows the PME Cell to maximize strategic value and financial return while reducing project risk, all within strict budget and resource limits. The paper describes the mathematical formulation of the MOLP model, the solution method using the Weighted Sum approach, and how to interpret the Pareto-optimal solution set. Through clear diagrams, we show the system layout, model structure, and improved workflow for the PME Cell. The findings indicate that this operations research technique offers a strong, clear, and effective method for achieving the PME Cell's goals. This leads to better project budgeting, cost accounting, and overall organizational success.