6/1/2023 0 Comments Project portfolio managementFurthermore, PPM can be used to bring out changes to the organization which will create a flexible structure within the organization in terms of project execution. Project portfolio management ensures that projects have a set of objectives, which when followed brings about the expected results. Selection of the team players, who will work towards achieving the project's objectives. The project needs to be evaluated on a regular basis to ensure that the project is meeting its target and stays in its course. The need to create a descriptive document, which contains vital information such as name of project, estimated timeframe, cost and business objectives. When it comes to the objectives, the following factors need to be outlined. These objectives are designed to bring about expected results through coherent team players. ![]() ![]() Same as with financial portfolio management, the project portfolio management also has its own set of objectives. ![]() Objectives of Project Portfolio Management Project Portfolio Management (PPM) is a management process with the help of methods aimed at helping the organization to acquire information and sort out projects according to a set of criteria. ![]() This helps the organization to categorize the projects and align the projects with their organizational goals. When there are many projects run by an organization, it is vital for the organization to manage their project portfolio.
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