Project Portfolio Management: Keep the Portfolio Flexible and Moving

Portfolio management is a means to apply a standardized process for improving value and project delivery. Though many organizations have a portfolio management process for project and product development, many still struggle with maximizing the value of their portfolio of projects, project planning and execution, and resource allocations. One way to address these issues is to establish a standardized portfolio development process with reviews and change practices. This not only helps organizations achieve the value promised by their portfolio of projects but ensure it maintains the flexibility necessary to adjust to project roadblocks and shifts in organizational priorities.