Project Portfolio Management

Definition of Project Portfolio Management as it relates to Business, Supply Chain Management

Project Portfolio Management (PPM) involves the centralized management of one or more project portfolios, which includes defining and maintaining a set of projects in alignment with an organization's business strategy and goals. It encompasses the practices, methods, and tools used to prioritize, select, plan, implement, monitor, and control projects in order to maximize their value and achieve strategic objectives. PPM enables organizations to optimize resource allocation, minimize risks, and ensure that projects align with supply chain management initiatives for efficient and effective operations.

Child Hierarchical Categories

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