Project portfolio is a term that refers to an organization’s group of projects and the process in which they are selected and managed. The project portfolio is strategically selected to advance the corporation’s organizational goals.
Generally speaking, organizations will have an opportunity for far more projects than funding can support, so the selection process must choose a subset of projects to maximize the company’s profit goals while obeying budgetary restrictions. Concurrently, executives wish to manage the overall risk of the portfolio while ensuring that cash flow and other such requirements are satisfied.
The application of project portfolio management as it relates to Information Technology professionals provides the benefit of providing executives with a bird’s-eye view of projects so they can spot redundancies, spread resources appropriately and keep close tabs on progress. Even more appealing to Chief Information Officers is that discussions are no longer about the costs of a project but the anticipated risks and returns in relations to other projects and the overall business objectives. In this way, portfolios can be managed to produce the highest rate of return.
Project Portfolio Management aligns an organization’s desires with the resources to get it done. This injects realism into the organization’s planning processes. Project Portfolio management enables enterprise wide planning and resource allocation. Project Portfolio management lets organizations view all the initiatives that are competing for resources. Once initiatives are defined, budgets and resources can be allocated and timelines established.
Regardless of what your portfolio looks like, Project Portfolio Management is critical, because it helps you and your team keep an eye on big-picture objectives.
Focusing on individual projects increases the risk of raising overhead and leads to reduced ROI. However, by centralizing the management of projects as a portfolio, you can focus efforts on the right projects at the right time.
The Project Portfolio Management process is a continuous loop that allows teams to respond to changing market forces while still addressing the factors that challenge project success. This cyclical, flexible nature drives project decisions with a steady eye on an organization’s objectives.
This template will primarily be useful to project managers in monitoring the implementation of projects in the company. You can define project management KPIs and present data using the slides in this template.
Company executives can also use the slides in this template when preparing for a strategy session. Startups can use this template when preparing to meet with business angels and potential investors. University professors can use the slides in this template when preparing their course on project management or key performance indicators.
Project Portfolio is a professional and modern template that contains six stylish and fully editable slides. You can change the type and size of the font, color and position of the infographic yourself. This template will be useful for project managers, team leaders, startup leaders. Project Portfolio template will complement your old presentations and will be a worthy addition to your collection of professional presentations.