Project portfolio management is also denoted as PPM. It is a process by which projects of an organization are evaluated and executed for a strategic alignment they portray with company goals.
PPM is a methodology where executives, project managers, team members, and stakeholders have an overarching view of their projects. In addition to this, you will also know how they fit into the organization’s directives and strategy, thereby lending insights into the potential returns and risks involved in employing them.
Under PPM, you will have your projects grouped into different programs based on relevance and similarities. Those programs and their respective projects fall under a portfolio strategy methodology undertaken by the project management office to meet overall company objectives. In this way, you can see that PPM does more than just align projects with your business strategy but also, provides a means for aligning an organization’s approach to project management.
Also, See: Portfolio
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