Project Portfolios helps the Executive Managers to understand all the projects, programs and sub-portfolios in Organizational. Project Portfolio provides KPI related all components of a Projects, it helps Companies to choose better Projects and take better decisions.
What is Project Portfolio?
Project Portfolio is a set of related Programs, Operations, Projects, and Processes to maximize the company’s Financial and Strategic goals.
Most of the companies deal with multiple projects to deliver products and services across the globe. It is important for managers to manage multiple projects to complete on time and deliver the accurate outputs. Project managers manages multiple projects, multiple people, and other resource for successful projects. And most of the projects managed by a Manager are in same kind and mostly related, in terms of technology, skills requirement and outputs.
These related projects are grouped into a Portfolio to achieve the financial and strategic goals of the organization. This provides higher level understanding of multiple projects and make it easy to monitor the projects and resource. It helps mangers to plan and optimize their projects, timelines and resource.