Project Portfolio Management Overview

Project Portfolio Management gives you a centralized online tool to include all your enterprise stakeholders in the process of project planning and management. Project requests and projects are collected in a portfolio and treated as investments. Like financial investments, they're reviewed and controlled as one set of interrelated activities. Project Portfolio Management puts structure around the planning process from the time a project request is submitted through budgeting, review, evaluation, and approval. With Project Portfolio Management, key executives speak the same language, share risk, and collaborate in the investment decision-making process so that they can make smart decisions about which projects are critical to corporate success.

Project Portfolio Management enables your organization to:

• Plan, compare, and contrast projects for maximum value.

• Prioritize initiatives based on internal goals and predefined metrics such as cost, risk, and return on investment.

• Align projects with corporate strategies and business objectives.

• Route and communicate project requests among stakeholders.

• Review, budget, evaluate, and approve project requests.