Portfolio management is used by Projected organizations and describes methods for analyzing and collectively managing a group of current or proposed projects based on numerous key characteristics. Its fundamental objective is to determine the optimal mix and sequencing of proposed projects to best achieve the organization’s overall goals – typically expressed in terms of hard economic measures, business strategy goals, or technical strategy goals – while honouring constraints imposed by management or external real-world factors.
Portfolio management is the centralized management of multiple projects, programs and possibly portfolios. It includes identifying, selecting, deselecting, prioritizing, and authorizing projects and programs to achieve specific strategic business objectives.
Factual Solutions© offers a day long training in Portfolio Management for Project and Program managers. Please contact our office for further details.