CHAPTER 7Portfolio Management and a Standard WBS
In Chapter 1, the definition of portfolio is stated as: A collection of related projects or programs and other work that groups projects or programs together in order to support effective management of the total work effort in a way that meets strategic business or organizational objectives. Portfolio management or Project Portfolio Management (to differentiate from a portfolio of securities) is, therefore, the process of addressing all the projects in an enterprise as a whole in order to achieve some level of optimization with regard to achieving enterprise goals. This process involves the continuous selection and evaluation of projects to ensure that they are meeting enterprise goals, mission, ...
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