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.

Rather than evaluating individual projects in isolation, project portfolio management (PPM) assesses the entire project portfolio. Projects are compared based on factors such as benefits, costs, risks, and resource requirements.

The goal is to focus resources on the most important initiatives and to 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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