Project Portfolio Management takes place in between

Project Portfolio Management takes place in between strategy formulation and implementation of the actual projects. Projects are supposed to arise out of Organizational strategy is intended to set the general direction and lay out the guidance for determining the types and which projects to implement. Project Management resides in the realm of implementation and comes onto the scene after the strategic direction has been set, and after the   MBT Sport Shoes project portfolio has been determined and prioritized. The challenge is that there can be disconnects at the transitions among these phases, and the most important thing is to develop a feedback loop.

Typically at the highest levels within an organization, there is much study and debate over strategy, and eventually the direction is set. Hopefully this process includes an organized effort to gather information from throughout the organization, and to determine direction for the organization. That MBT Maliza,direction includes a set of guiding principles and generalized initiatives that provide the input for the project portfolio management, or PPM, process. This is a matter of organizing a large set of projects into a portfolio, then developing a system for managing and prioritizing the list of projects, with primary input from the strategic planning process. The final result at this stage of the project portfolio management process is input to the project management processes, in the form of the list of final projects to be implemented.