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Tag: What is Project Portfolio Management

Understanding the Roles of the Project Portfolio Manager

Management is very important within any organization. Without it, the business will fall into ruin and it would be complicated for teams to prioritize projects and monitor the health and amount of the existing resources. These days, organizations are being pressured by the growth and changes in the market to employ individuals with not just a degree in a certain field but experience, skills, and even certification as well. The management is also responsible for planning, executing, and finalizing projects. It is at the very top of the governance hierarchy; each process involved in a project consists of management....

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Benefits of Project Portfolio Management : A Competitive Advantage

Both the market and business industry are putting more pressure on organizations in terms of visibility and improvement. Organizations are struggling to make relevant and maintain the reputation that they have been safeguarding for the past years. It’s a jungle out there and everyone is bent on surviving. Putting more work for company growth isn’t always that favorable. When you only have limited resources and a scant strategy, you automatically brush the dust off your shoulders and look for ways to stay on top of things. But there are some things that no matter what, you make do with what...

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What is Project Portfolio Management : The Basics

What is Portfolio Management? It’s one of those questions that can be really complicated when someone is not really that familiar with project or portfolio management. To understand something is always the first step. And what is project portfolio management being one of the questions that needs further understanding. Projects are the motherboard of an organization. They create an identity, they build the organization’s reputation, and they aid with investments and return value. These projects either operate separately or at the same time—and that is a big challenge for people working in it. Portfolios are thus born to organize...

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10 Project Portfolio Management Benefits You Need To Know

A clearer understanding of project portfolio management will help you comprehend its benefits that contribute to an organization. In this case, portfolio management is more than just organizing projects into a single portfolio; it also enables companies to conserve time and resources and create transparency in terms of tasks and decision-making. Project portfolio management benefits vary, yet very helpful to an organization. Companies need to be aware of this in order to understand what project portfolio management is conveying.  It eschews traditional project management; projects are less vulnerable to risks and they have a greater chance of success if portfolio...

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Understanding Project Portfolio Management

The constant changes in the business industry is a waking call for organizations to establish methods to increase their market profitability in a manner that is quick yet stays within the budget constraints. At the same time, organizations have to ensure that even they stick to the budget or schedule, the data being deployed are precise. Organizations are developing ways on how to keep up with the growing network that can possess these qualities and project portfolio management is thus born.     Many people, including those who belong to business organizations, tend to misconstrue, underestimate, and misinterpret project...

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