What is project portfolio management?

Project Portfolio Management (PPM) is the centralized management of an organization’s projects, programs, and initiatives to achieve strategic objectives. It involves evaluating, prioritizing, and selecting projects based on their alignment with business goals and available resources. PPM helps organizations maximize the value of their project investments by ensuring that the right projects are executed at the right time. This process also includes monitoring progress, balancing resources, and adapting to changing business needs.