Project and Portfolio Management (PPM) is a coordinated approach to managing and aligning multiple projects within an organisation. Think of it as the process whereby a company's projects are organised, prioritised, and overseen from a high-level perspective. Instead of focusing on the minute details of individual projects, PPM looks at the bigger picture – how each project fits within the overall strategic objectives of the enterprise. Doing so helps ensure that resources are allocated efficiently, risks are managed proactively, and the cumulative impact of all projects moves the organisation in the desired direction.

 

With PPM, decision-makers can oversee a portfolio of projects, much like a financial manager oversees a portfolio of investments. Just as investors seek to balance risk against returns, PPM enables organisations to balance various project demands, such as scope, timelines, and cost, against the organisation's capacity, capabilities, and strategic goals. The aim is to maximise benefits and minimise risks across the entire project portfolio, ensuring that no single project operates in isolation but rather contributes to the collective success of the enterprise. This strategic alignment is vital for companies that want to stay competitive and agile in a fast-paced business environment.