Project Portfolio Management Notes: Definitions & Explanations PDF | Download eBooks
Study Project Portfolio Management lecture notes PDF with project management definitions and explanation to study What is Project Portfolio Management?. Study project portfolio management explanation with project management terms to review project management course for online MBA programs.
Project Portfolio Management Definitions:
Project portfolio management is a project management software tool the allows project managers who are running multiple projects to track significant issues related to those projects.
Successful Project Management by Jack Gido and James P. Clements
Project portfolio management is defined as the centralized management of one or more portfolios to achieve strategic objectives.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Project Portfolio Management Notes:
To provide comfort to the project manager and upper management of the organization, project management softwares are introduced. These softwares allow the project manager to perform all the necessary steps invovled in the project life cycle with more efficiency. A feature that is avalaible in the project management softwares is called project portfolio management. This feature is used when multiple projects are run by a project manager. Project manager has to manage multiple projects at the same time. Portfolio management includes issue management (electronically note the issues in projects), knowledge management (experiences of previous projects to be used in new projects), and multiple project management which includes saving information and details of all the ongoing projects in separate files and creating charts and network diagrams for the projects who are carried out simultaneously.
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