As the project management profession has matured, the number of automated tools that are claimed to control and maximize the value of an organization’s portfolio of projects has increased dramatically. Although there is nothing wrong with these tools, my observations and experience have led me to believe that many organizations are not ready for a sophisticated portfolio management tool. Why? Because a lot of organizations haven’t mastered the basics of portfolio management. Before any tool is purchased and rolled out, the basics must be in place.
A portfolio can include multiple programs, and/or the projects within a single program can be a portfolio. A portfolio is just a logical grouping of ...
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