Project portfolio management

Project Portfolio Management

Overview

Project portfolio management (PPM) is a process used by organizations to manage and analyze a portfolio of projects in order to achieve strategic objectives. PPM enables organizations to prioritize projects, allocate resources, and monitor progress to ensure that projects are completed on time and within budget.

Market Trends

The global cloud project portfolio management (CPPM) market is expected to grow significantly by 2025. Key players in the market include CA Technologies, HPE, and Changepoint Corporation. The market growth is driven by the increasing adoption of cloud-based PPM solutions, the need for efficient resource allocation, and the rising demand for real-time project tracking and analysis.

Conclusion

In conclusion, project portfolio management is an essential process for organizations to manage their projects effectively and achieve their strategic objectives. With the growth of cloud-based PPM solutions, organizations can benefit from real-time tracking and analysis of their projects, enabling them to make informed decisions and optimize their resources.