This chapter lays the foundation for the course by introducing the concept of project portfolio management. Students will explore the definition of PPM, its evolution, and the key reasons why it has become a critical business function in today's competitive landscape. The chapter will also highlight the benefits of effective PPM, such as improved resource utilization, risk mitigation, and enhanced strategic alignment.

In this chapter, students will learn how to align their organization's project portfolio with its overall strategic objectives. They will explore the process of portfolio selection, including the evaluation of project proposals, the prioritization of initiatives, and the optimization of the project portfolio to ensure maximum ROI. Students will also understand the importance of stakeholder engagement and how to effectively communicate the strategic value of the project portfolio.

This chapter delves into the intricacies of project portfolio planning and resource management. Students will learn how to assess and allocate resources, such as financial, human, and material resources, across the project portfolio to ensure efficient utilization and successful project delivery. They will also explore techniques for managing project interdependencies, mitigating risks, and maintaining portfolio-level visibility.

In this chapter, students will focus on the importance of portfolio-level performance monitoring and reporting. They will learn how to establish portfolio-level metrics, track project performance, and analyze data to make informed decisions. Students will also explore the use of portfolio management information systems, dashboards, and other tools to facilitate data-driven decision-making and effectively communicate portfolio performance to key stakeholders.

The final chapter of the course delves into the concepts of portfolio optimization and continuous improvement. Students will learn how to evaluate the overall health and performance of the project portfolio, identify areas for improvement, and implement strategies to optimize the portfolio. This includes techniques for portfolio rebalancing, project termination, and the incorporation of lessons learned to enhance future portfolio management practices.