define project portfolio management - EAS

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  1. Project portfolio management (PPM) is the analysis and optimization of the costs, resources, technologies and processes for all the projects and programs within a portfolio. Project portfolio management is typically carried out by portfolio managers or a project management office (PMO

    Project management office

    A project management office, abbreviated to PMO, is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects.

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    www.projectmanager.com/guides/project-portfolio-management
    www.projectmanager.com/guides/project-portfolio-management
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  2. People also ask
    What is the difference between project and portfolio management?

    portfolio management?

    • Scope. One way to understand the scope of these three levels of management is that multiple projects make up a program and multiple projects and programs make up a portfolio.
    • When it's used. Project management: You would apply project management when overseeing a single project and its team members, budget and deadlines.
    • Best practices. ...
    www.leankor.com/difference-project-management-projec…
    What are the steps in portfolio management?

    The six steps to lean portfolio management

    1. Assemble your leaders. Repairing a car can take months if you don’t have people with the mechanical knowledge to help you. ...
    2. Find funding. Even once you have a skilled team ready to repair your car, you can’t get started without the money to buy tools and parts.
    3. Build an operating structure. ...
    4. Implement a lean workflow. ...
    5. Add upgrades and clarity. ...

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    www.pmi.org/learning/library/project-portfolio-manageme…
    What is the project portfolio management (PPM) process?
    • Ideation – the process to generate and affinitize a list of new project ideas. ...
    • Work Intake – refers to the steps of developing a project proposal and bringing it to the governance board for a go/no-go decision.
    • Phase-Gate – a governance structure to evaluate, authorize, and monitor projects as they pass through the project lifecycle.

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    www.tutorialspoint.com/management_concepts/project_…
    What is an example of a project portfolio?
    Examples of Project Program and Portfolio Management Consumer Durable Company Example. A consumer durable company is in the business of design, development, marketing, and servicing consumer products like refrigerators, washing machines, air-conditioners (AC) etc. Portfolio Management – The Company, itself, is the largest portfolio. Different ...
    www.predictiveanalyticstoday.com/project-portfolio-mana…
  3. https://acuityppm.com/ppm-101-what-is-project...

    WebSep 06, 2018 · PORTFOLIO: a portfolio is a collection of projects and programs PROGRAM: a program is a collection of related projects and …

    • Estimated Reading Time: 11 mins
    • https://www.projectmanager.com/guides/project-portfolio-management
      • The following is a mini-glossary of project portfolio terms that have been used in this guide. 1. Portfolio Management:Controlling a portfolio of projects to make sure they align with the overall strategic goals and objectives of an organization. 2. Program Management:Managing a portfolio of projects with the same aim as portfolio management, only ...
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    • Project Portfolio Management Defined | Planview

      https://www.planview.com/.../project-portfolio-management-defined
      • Estimated Reading Time: 7 mins
          • Take Informed Risks. Taking risks is an inherent part of business. However, …
          • Project Portfolio Management vs. Project Management. At the most basic …
          • See the Big Picture. Leverage data and insights in your project portfolio …
        What is project portfolio management?
        See this and other topics on this result
      • https://tensix.com/what-is-project-portfolio-management
        Image
        Project Portfolio Management (PPM) is the process of managing and analyzing multiple projects and programs together. There is power in that overarching view and the greater visibility it provides. It truly is a case of the whole being more than the sum of its parts. Portfolio management provides a consolidated view of t…
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      • https://study.com/academy/lesson/what-is-project...

        WebMay 23, 2017 · Project portfolio management is the process of selecting the projects that best meet the organization's goals with the resources available to perform these projects. A successful project portfolio ...

      • https://kanbanize.com/blog/project-portfolio-management

        WebNov 20, 2019 · Project portfolio management (PPM) is a centralized approach used by project managers and project management offices (PMOs) to analyze and manage …

      • https://www.sciforma.com/blog/what-portfolio-management-project-management

        WebMay 25, 2021 · Project Portfolio Management is defined as a process and method designed to manage groupings of related projects so as to maximize value and benefits …

      • https://www.pmi.org/learning/featured-topics/portfolio

        WebFeb 01, 2019 · Portfolio management ensures that an organization can leverage its project selection and execution success. It refers to the centralized management of one or more …

      • https://www.northeastern.edu/graduate/blog/project...

        WebJan 27, 2020 · The relationship between project, program, and portfolio management can best be described like this: A project is a temporary endeavor undertaken by a …

      • PPM (project and portfolio management) - SearchCIO

        https://www.techtarget.com/searchcio/definition/...

        WebPPM (project and portfolio management) is a formal approach that an organization can use to orchestrate, prioritize and benefit from projects. This approach examines the risk …



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