From the course: Project Portfolio Management Foundations
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What is a portfolio?
From the course: Project Portfolio Management Foundations
What is a portfolio?
- [Instructor] Most believe a portfolio is an extension of projects and programs. They see the portfolio as a roll-up of the projects their employer has approved, a way to group them together. An example might be all IT projects and programs for the current year making up the IT portfolio. In reality, the portfolio comes first. The portfolio is the strategic vehicle by which a business delivers on its goals and objectives. So in IT, for example, if the goals for the year are around lowering costs, increasing security and reducing downtime, then the portfolio is responsible for delivering those goals. IT leaders will then plan to meet those goals through a number of projects and programs, and those will be placed in the portfolio. However, if one of those projects is failing, it can be canceled, removing it from the portfolio. The resources assigned to that project can then be moved to a new project or other existing projects can be changed, modifying the portfolio further to ensure it…
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