What is Project Portfolio Management? Meaning and Definition.

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Project Portfolio Management (PPM) is the process of managing and prioritizing a collection of projects to align them with an organization’s strategic objectives.

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It involves evaluating and selecting the right projects to maximize value and ensure optimal resource allocation. The project portfolio management process includes steps such as project selection, prioritization, and monitoring progress. In addition to managing individual projects, PPM also encompasses program portfolio management,

which focuses on coordinating related projects to achieve broader organizational goals. By using PPM, businesses can ensure that their projects contribute effectively to overall success while minimizing risks and maximizing returns.

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