Project portfolio management (PPM) is a systematic process by project managers and project management organizations (PMOs) to evaluate the potential advantages of initiating a project. In this process, project managers play a crucial role in providing companies with predictive and business analyses for potential project investments. They do this by collating and structuring all pertinent information about proposed and ongoing projects, and by facilitating communication between team members and stakeholders.
Project portfolio management (PPM) empowers organizations and managers by providing comprehensive insights. This wealth of information allows executives to discern which project managers to engage with, and enables project managers to easily access team members. It facilitates improved communication with leadership and colleagues for team members, and ensures that stakeholders are continually informed with reliable and consistent feedback, making everyone feel informed and knowledgeable.