CHAPTER 2
The Challenge: Project Portfolio Decisions
2.1 PPM Context and Its Challenges
As the Project Management Institute predicted in their Industry Growth Forecast (PMI, 2013), the importance of project management continues to increase in project-intensive industries globally. As a result, attention to the management of portfolios of projects has been increasing; both in the private and the public sectors, organizations have been attempting to deliver more and larger projects, to achieve higher project success rates and do so under greater complexity and resource constraints. Project portfolio management helps organizations achieve these goals.
Project portfolio management (PPM) is a centralized, dynamic, complex, and political decision ...
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