Project Portfolio Management: A Beginner's Guide
SearchCIO, February 15th, 2023
Project portfolio management is a formal approach used by organizations to identify, prioritize, coordinate and monitor projects that align with their strategy and goals.
This approach examines the risk-reward ratio of each project, the available funds, the likelihood of a project's duration and the expected outcomes.
Unlike project management, which concentrates on the successful execution of individual projects, project portfolio management focuses on the big picture; it oversees an organization's entire portfolio of projects with the aim of maximizing the portfolio's overall value.