Description
What is a project portfolio?
What is strategic portfolio management?
What is the relationship between strategic portfolio management and project management?
Explanation & Answer
A portfolio is a collection of programs, projects and/or operations managed as a group. The components of a portfolio may not necessarily be interdependent or even related—but they are managed together as a group to achieve strategic objectives.
Portfolio management is the centralized management of one or more portfolios, which includes identifying, prioritizing,
authorizing, managing, and controlling projects, programs and other related work to achieve specific strategic business
objectives.
Portfolio, program and project management are all aligned and driven by organizational strategies. However, each one
contributes differently to the achievement of strategic goals
Review
Review
24/7 Study Help
Stuck on a study question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
Little Fires Everywhere
by Celeste Ng
Shattered - Inside Hillary Clintons Doomed Campaign
by Amie Parnes and Jonathan Allen
Rules Of Civility
by Amor Towles
The Odyssey
by Homer
I Cant Make This Up - Life Lessons
by Kevin Hart
Alice in Wonderland
by Lewis Carroll
The Picture of Dorian Gray
by Oscar Wilde
The Aftermath
by Rhidian Brook