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It seems like the major differences arise from the different maturity levels of the initial ideas and the consequences thereof. So I wonder how are the later stages of a PARPA different from an FRO?

(I guess one difference is that in a PARPA you already have a strong team with relevant experience that did the earlier work and the PM is expected to be much more familiar with the domain and different ways to navigate the project. )

So one could consider decoupling the "two stages" of a PARPA - first have a PM working on funding exploratory research on a given goal, then pass that over to an FRO incubator once there is a fleshed out project.

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