Project Portfolio Management ( Business Expert Press )

Project portfolio management (PfM) is a   critically important discipline, which organizations must  embrace in order to extract the maximum value from their project investments. Essentially, PfM can be   defined as the translation of strategy and organizational  objectives into   projects, programs, and   operations (portfolio components); the allocation of resources to   portfolio components according to organizational   priorities; alignment of components to one or more  organizational objectives; and the management and control of these components in order to achieve   organizational objectives and benefits. The focus of this book is aimed at providing a mechanism to determine the individual and  cumulative contribution of portfolio components to strategic objectives so that the right decisions can be made regarding those components.