Clarity Glossary for Project and Portfolio Management

Project Portfolio Management

Project portfolio management refers to the centralized management of all projects within a company.

Explanation

In projectProjectA project is a temporary initiative with clearly defined objectives, resources, and a specific outcome. portfolio managementPortfolio ManagementPortfolio management is the strategic management of a set of projects, programs or investments within a company., projects are analyzed, prioritized and monitored to ensure they contribute to the company’s strategy.

Instead of evaluating individual projects in isolation, PPM assesses the entire project portfolio. Organizations compare projects based on benefits, costs, risks and resource requirements.

The goal is to focus resources on the most important initiatives and implement strategic objectives efficiently.

Synonyms and Abbreviations

  • PPM: Abbreviation for Project Portfolio Management.
  • Project Portfolio Governance: Strategic coordination of all projects within a company.

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