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Project Management

Portfolio Management

Quick Definition

The centralised management of one or more portfolios of projects, programmes, and operations to achieve strategic business objectives.

Detailed Explanation

Portfolio management operates at the highest level of the project management hierarchy — above projects and programmes. It ensures the organisation invests in the right initiatives by evaluating, selecting, prioritising, and governing the portfolio of work. Key activities include portfolio alignment (ensuring investments match strategy), portfolio balancing (optimising the mix of risk, value, and resources), and portfolio governance (oversight and decision-making). PMI's PfMP® certification validates portfolio management expertise at the executive level.

Related Terms

Relevant Frameworks

PMBOK

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