What is Project Portfolio Management?

Project Portfolio Management is a methodology for effectively planning, organizing and managing an organization's project portfolio. By using a structured methodology, the organization can optimize the use of resources, maximize the return on investments and ensure that the projects are in line with the company's overall business goals. By implementing Project Portfolio Management, the organization can gain increased transparency and control over its project portfolio. By regularly evaluating the performance of the projects and synchronizing them with the company's strategy, the organization can quickly react to changing conditions and make well-founded decisions. There are various tools and software that can support an effective implementation of Project Portfolio Management, such as Microsoft Project, Planview and Jira Portfolio. These tools can help the organization visualize and analyze its project portfolio, which facilitates decision-making and the optimization of resource use. By using Project Portfolio Management, organizations can increase their productivity, efficiency and profitability by focusing on the projects that most effectively contribute to the achievement of the company's strategic goal.