I think project portfolio management is fundamental for many organizations, and too many organizations manages project as distinct totally separate universe. I even think that mastering Project Portfolio Management is more important than standardizing all project management tools and processes in an organization.
No organization has enough resources or time (isn’t time the most precious resources of all) to do all to perfection.
The end of the article is a nice summary:
Although many text including this one focus on return on investment and profit, even other kind of project must be aligned with the strategy of the organization, and maximize the proper use of its resources.See full article: What is Project Portfolio Management?
Michel Dion, PMP, CPA
Founder and Developer of Project-Aria
Discover my book:
Leadership Toolbox for Project Managers: Achieve Better Results in a Dynamic World