Project Portfolio Management

Portfolio management is about managing investments effectively, so that strategic objectives are achieved. Projects and programmes ensure successful delivery and achievement of benefits (“doing things right”) at an individual level. Portfolio management’s scope is to make right investments (“doing the right thing”) and “doing things right” at a collective level.

Definition of Portfolio Management

Portfolio management is a coordinated collection of strategic processes and decisions that enable the most effective balance of organizational change and business as usual (BAU).

The “strategic processes and decisions” in the above definition, broadly covers the following:

Benefits of Portfolio Management

Managing an organization’s projects as a portfolio can create many benefits. The main aim of portfolio management is to ensure organizational change initiatives are aligned with its higher strategy.

Some benefits of portfolio management are:

Myths about Portfolio Management

Project portfolio management has its roots in financial investment portfolio management. Its origin and lack of understanding has paved way to some myths about this practice.

Some of them are:

Written by Inham Hassen

This wiki is developed and managed by an accredited trainer, independent of AXELOS. While aligned with their guidelines, it’s not an official resource.