An organization’s project portfolio is the totality of all its planned initiatives, active projects and programs. At the latest upon approval of a project or program, it enters the project portfolio. After its official completion, it is removed.
What Is a Project Portfolio?
A project portfolio is structured by several criteria: budget, duration, subject area, responsible department. Key metrics are often the project’s strategic contribution, estimated risk, project resources, and financial KPIs such as net present value and return on investment.
HP PPM fulfills all these requirements through its project portfolio and demand management modules and offers significantly more functionality beyond that.
Conclusion: A project portfolio is more than a buzzword. It is an indispensable strategic management tool for IT organizations that – used correctly – ensures the alignment of all projects with business objectives.
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