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Portfolio Management and Strategic Management Concepts and OrganizationPortfolio Management and Strategic Management Concepts and Organization PaperTony SadlerCPMGT/301Roy Chuang24 September 2016
Portfolio Management and Strategic Management Concepts and OrganizationOrganizations are constantly striving to find a common ground between individual projects and the organization’s business objectives. Portfolio management starts with physically choosinga portfolio. A strategic project office help facilitate with issues along the way. Projects are a way of tracking an organizations tasks or activities that perhaps cannot be addressed within the limits of the organizations limits. Projects are how organizations produce a strategic plan. Most of which are based on an organization’s legal requirements, technology, client requests, market demands, and organizational needs. There are several ways in which portfolio management concepts support an organization’s mission and goals. Portfolio management assists in helping ensure your organization does the most valuable work and is well managed throughout the organization. Portfolio management ensures your resources are allocated to the proper, most important work. It also ensures that resources are properly allocated on new projects as well as maintaining essential projects and processes that may not be so new. A PPM can be a great asset for these processes and projects.