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A project portfolio is a collection of projects, programs, and other work that are grouped together to facilitate effective management of this work to achieve strategic objectives. It is not simply a list of projects but rather a strategic tool that aligns projects with an organization's overall goals and priorities. The purpose of a project portfolio is to ensure that the organization is investing its resources in the right projects, at the right time, and in the right way to maximize value and minimize risk.
The management of a project portfolio, often referred to as Portfolio Management, involves a continuous process
Benefits of a well-managed project portfolio include improved strategic alignment, optimized resource utilization, enhanced decision-making, increased