Portfolio Management (PfM) – “Doing the RIGHT PROJECTS – Doing the PROJECTS RIGHT”
A strategic approach to managing your Corporate Governance, Business Performance, Business Risk, and Stakeholder Communication.
Refers to managing a group of inter-related programs within the wider enterprise.
Delivers improved Financial Management of the Project Portfolio and mitigation of individual and collective Project Risk.
Project Portfolio Management (PPM), fundamentally, deals with the selection and prioritisation of projects, to determine which will be executed, which will be placed ‘on hold’, and which will be rejected.
Good PfM practices can help you manage competition within the enterprise for cash, people, and technology; between initiatives, in-flight projects, and programs.