The Concernment of Competent Project Portfolio Management for Enterprise Success

Project portfolio management also known as PPM is the integrated management of all processes, approaches and techniques used by a project manager and project management office (PMO) to evaluate and govern ongoing projects based on diverse key parameters. This paper scrutinizes on role of project manager and his teamwork with second-string and senior management to analyze the involvement of management and its positive and negative impacts on project portfolio success. The work presents various complexities in portfolio business and also shows how portfolio management can be used as negotiation tool for strategy alignment and structural reconfiguration than rational approaches. The paper also studies the relationship of strategy with business success. Challenges in implementing project portfolio management in execution are highlighted along with their countermeasures. Citation:Sakshi Gupta, Amity School of Engineering & Technology, Amity University, Gurgaon , Haryana ; Piyush Sharma ,ASET, Amity University, Gurgaon, Haryana. "The Concernment of Competent Project Portfolio Management for Enterprise Success." Global Research and Development Journal For Engineering 112 2016: 12 - 19.