What is Portfolio Management?
We get so many questions on the forum and from other sources asking. The difference between project management, program management, and portfolio management? People are daunted by the idea that it is complex. We think it’s simple once you look at the definition and concepts of portfolio management. A portfolio is a collection of projects or programs or other work. That are grouped together to facilitate effective management. That work to meet strategic business objectives.
Often reference What is Portfolio two groups of people
Therefore, That I learn a lot from, my artist friends and my financial Canada Phone Number List portfolio managers. All artists, whether artistic in drawing or music. Talk about how different compositions within their portfolio express their heart. Mission or it is their collection supports. In financial management. A diversity of investments completes a group representative of the client’s goals and interests. Many projects or programs have to be implemented to meet those objectives.
Within the business selection
There are projects, programs, and other Aero Leads work to support the portfolio. A portfolio project could be broken down into phases. When implementing things over time. Therefore, Another project within that same collection may just have one high level deliverable. There could be programs with multiple projects. Then other work that simply supports the portfolio and business objectives. Therefore, Portfolio management is the centralized management of all of these pieces.