Portfolio Management and Online Project Management Software

Online Project Management Software – Tips & Hints

”Portfolio Work Programs”

A portfolio is a group of programs and projects, as well as other operational tasks that are undertaken to complete a set of objectives set out on your Business Strategy or Plan. Running a portfolio is like running a project, except that it typically consumes most or a large part of your organizations resources, and therefore resource management needs to be very carefully balanced.

You will initiate your portfolio by defining the Portfolio Charter which sets out the objectives, scope and timeframes for the delivery of your portfolio or work using your online project management software. You will then create a detailed plan for your portfolio, which describes the list of programs and projects that needed to be complete to finish your portfolio on time.

Executing your Portfolio for a Project Manager is all about managing your resources to make sure that your projects have enough money, time and people to complete their assigned tasks. It’s also about measuring the outcome of each project to ensure that it delivers the business benefits expected.

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