What is project portfolio management? Aligning projects to business goals

What is project portfolio management?

Project portfolio management (PPM) is a strategic alignment process by which an organization’s projects are evaluated to identify the purpose, fit, and benefits as they relate to company goals.

Projects can then be grouped into programs based on relevance and similarities. All programs and their respective projects should then fall under a portfolio strategy undertaken by the project management office (PMO) to meet overall company objectives. As such, PPM is not just a process for aligning projects with strategy, but also for aligning project policies and processes with organizational objectives.

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