What is the project portfolio management (PPM) process

As companies attempt to increase their capacity in managing several projects effectively, project portfolio management (PPM) has become increasingly important in integrating innovation projects with high-level organizational goals. The process involves studying, managing, and optimizing budgets, resources, technologies, and procedures for all plans, programs, projects, and initiatives. PPM is crucial in driving an organization's overall success by affecting how companies prioritize projects, allocate limited resources, and conduct other primary components to run projects successfully. This article discusses the basics of implementing a PPM process and why applying one is essential for businesses. The article also outlines the steps involved in the project portfolio management process and how to keep goals aligned with PPM.