Learn about portfolio management in project management
What is project management (Portofoilio management) and what does it mean in the project management process? Let's find out in the article below.
What is project portfolio management?
The portfolio or portfolio is defined as projects, programs, or subcategories, which are managed as a group to achieve the set goals.
List management (portfolio management) is a list of business projects that when pouring investment money, giving up effort can recover profits. In any industry, investing in finance is always the fastest money-generating channel, but with that comes unpredictable risks. Depending on the risk tolerance of investors, they choose the categories that best suit them.
The portfolio managers in the project are responsible for supporting, standardizing processes and developing focus.
In order for the portfolio management to be optimal, it is necessary to determine the optimal list in terms of quantity, type and quality. Which means that the category has the highest expected return. Managers and investors should have the research, comparison and correct judgment based on practical data to make decisions about which investment projects to invest.
The portfolio managers in the project are responsible for supporting, standardizing processes and developing focus.
In order for the portfolio management to be optimal, it is necessary to determine the optimal list in terms of quantity, type and quality. Which means that the category has the highest expected return. Managers and investors should have the research, comparison and correct judgment based on practical data to make decisions about which investment projects to invest.
Purpose and role of portfolio management (portfolio management)
Project portfolio management is also a way to affirm the consistency and relevance of the development strategy with the portfolio. Include specific purposes such as:
Project portfolio management helps guide the implementation of company projects. Communicate experiences in project management, especially in the areas of project management, product quality improvement.
Managers will also be the ones to help assess and select projects or appropriate programs to optimize, meeting the target strategies set by the company.
Project portfolio management helps guide the implementation of company projects. Communicate experiences in project management, especially in the areas of project management, product quality improvement.
Managers will also be the ones to help assess and select projects or appropriate programs to optimize, meeting the target strategies set by the company.
The project list also offers a general, overall view for a project
Evaluate KPI during project implementation as well as when the project ends
Helps to summarize and systemize the data in the project in the most scientific way.
Project portfolio management also helps manage risks in a total way of all components.
Evaluate KPI during project implementation as well as when the project ends
Helps to summarize and systemize the data in the project in the most scientific way.
Project portfolio management also helps manage risks in a total way of all components.
Optimize the value of project portfolio management (portfolio management)
Optimizing the value of portfolio management requires you to have objective skills and perspectives to check the components of the catalog. Items in project portfolio management will be prioritized, and important parts will be prioritized to provide sufficient financial and human resources to implement.
Portfolio management can also provide examples of system risks. Therefore it is not strange that the perfect optimal portfolio usually has real estate, business or securities ... ..
The above is some understanding of tuhocpmp about managing projects in the project. Any comments please share with the project management community at the link:
The above is some understanding of tuhocpmp about managing projects in the project. Any comments please share with the project management community at the link:
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