ABSTRACT
Project Portfolio Management (PPM) is the management of portfolios, programmes, projects and operations as initiatives for converting corporate strategic objectives into products and services to achieve the goals of the organisations. It uses strategic planning to establish the portfolios required to achieve corporate strategic objectives and goals. PPM is the management of the programmes and projects to maximise their contributions to the overall success of the enterprise. For implementation purposes, PPM can be subdivided into two primary phases. The first is prioritising and selecting projects for the portfolio, and the second is processing and managing the projects within the portfolio. A PPM governance framework should answer some key questions, such as how the projects are functioning overall, what key metrics management needs and what is the return on investment. Portfolio management is a key management function to support the organisation’s governance process by ensuring the selected projects are aligned with and support the organisation’s strategy.
