An organization oversees a group of unrelated projects and programs, ensuring they align with its strategic objectives and optimizing resource allocation across the organization. What is this overarching management called?
The correct answer is Portfolio management. Portfolio management involves managing a collection of projects, programs, and operations as a group to achieve strategic objectives. Unlike a program, which consists of related projects managed together for benefits that wouldn't be realized if managed separately, a portfolio includes projects and programs that may not be related but are aligned with the organization's strategic goals. Project management focuses on individual projects, and operations management deals with the ongoing operational activities of a business.
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CAPM
Project Management Fundamentals and Core Concepts
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