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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Portfolio Management
What is Project Portfolio Management  

What is Project Portfolio Management



 
 

Project Portfolio Management (PPM) is a management process which takes place when organization drives a number of projects concurrently: its goals include determination of the optimal mix of the projects (whether proposed or already running) to match the organization’s overall interests, such as maximal profitability that a company can achieve within a reviewed time period. Project Portfolio Management is not a solely defined methodology, but a collection of applicable methods which can be utilized by the organizational management to:

  • Sort and prioritize multiple projects undertaken by an organization according to their critical or complex parameters, such as strategic worth, business impact, resources, costs, etc;
  • Develop a big picture (overview) of the situation with the whole project portfolio owned by an organization – how profitable it is and how well it complies with the corporate strategy;
  • Perform the project triage to suspend or completely abandon the projects which aren’t efficient;
  • Reallocate the business resources from less important project to the most profitable ones;
  • Research interdependencies between the projects within the portfolio;
  • Define how positively or negatively the projects impact on each other;
  • Form up portfolios from the most viable and profitable projects;

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