Strategic Portfolio Management

Explanation

In strategic portfolio managementPortfolio ManagementPortfolio management is the strategic management of a set of projects, programs or investments within a company., projectsProjectA project is a temporary initiative with clearly defined objectives, resources, and a specific outcome., programs and investments are managed collectively based on strategic criteria.

The goal is to ensure that resources are focused on initiatives that contribute most to business success.

This approach connects strategic planningStrategic PlanningStrategic planning defines the long-term goals and initiatives of a company. with operational project managementProject ManagementProject management includes all methods used to plan, manage and execute projects..

Synonyms and Abbreviations

• Enterprise Portfolio Management: Management of all projects and investments across the entire organization.
• Strategic Portfolio Governance: Strategic oversight and control of a project and investment portfolioInvestment PortfolioAn investment portfolio describes the total set of all investment initiatives within a company..
• Portfolio Strategy Management: Management of a portfolio aligned with strategic objectives.