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| Terror Zero |
Project Portfolio Management is a way of evaluating an organization’s projects. It can be compared to an individual’s portfolio of investments. The organization identifies its business goals and objectives, and then selects project “investments” that will best enable it to achieve those goals. The organization “invests” in projects by allocating scarce resources to those projects. It can “sell” its investment by removing resources and ending the project. It realizes returns on its portfolio by achieving its strategic objectives through the successful completion of projects, according to time, budget and scope estimates. The project portfolio is a dynamic entity – projects are continually being proposed and completed, and resources are continually being allocated to and re-distributed among projects. Like a stock market “ticker,” project data must be current to enable managers to make timely and effective decisions.
~ Michael Kaplan, Doug DeCarlo, Kathryn Mathias - May 1999
