Portfolio Management- Managing all projects/programs to meet strategic goals.

Definition

Portfolio Management oversees multiple projects and programs to align with strategic business goals. It helps organizations prioritize investments, optimize resources, and maximize ROI.

Advantages

✔ Aligns Projects with Strategy – Ensures business value.
✔ Optimizes Resources – Allocates budgets effectively.
✔ Improves Risk Management – Balances risks across projects.

Disadvantages

✖ Requires Strong Governance – Needs high-level oversight.
✖ Can Be Complex – Managing multiple projects is challenging.