What is Project Portfolio Management? PM in Under 5

Portfolio management involves selecting, prioritizing, and controlling an organization's projects and programs to deliver strategic goals. It balances risk and reward, similar to financial portfolio management. Portfolio managers oversee a diverse range of projects to address various scenarios, integrating strategy development, project management, and change management. They must adapt resources and projects as needed. A central portfolio management office supports this process, requiring high organizational maturity and effective strategy and governance processes.

What is the primary goal of portfolio management in an organization?

• To balance risk and reward

• To maximize the number of projects

• To focus on a single project

• To minimize costs

Which of the following is NOT a discipline integrated into portfolio management?

• Financial accounting

• Strategy development

• Project and program management

• Change management

What is the role of a portfolio manager in an organization?

• To handle financial transactions

• To oversee a collection of projects and programs

• To develop marketing strategies

• To manage individual projects

What is the purpose of a central portfolio management office (APMO)?

• To manage human resources

• To support project, program, and portfolio managers

• To oversee marketing campaigns

• To centralize financial operations

Why is organizational maturity important in portfolio management?

• To ensure effective strategy generation and implementation

• To reduce the number of projects

• To focus solely on financial outcomes

• To minimize employee involvement