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;

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