Portfolio Management

Portfolio Management is the strategic process of overseeing IT projects, systems, and initiatives to ensure they align with business goals. It focuses on balancing resources, budgets, risks, and timelines across multiple efforts to deliver maximum value to the organization.

This practice allows IT leaders to evaluate, prioritize, and coordinate technology investments, ensuring the most beneficial work receives appropriate attention. Portfolio Management also helps identify redundant or low-value efforts and provides visibility into performance and risk. Common tools like ServiceNow, Planview, and Microsoft Project support this process through dashboards, reports, and scenario planning features.

What is Project Portfolio Management? – 5 mins