Project Portfolio Management (PPM) helps organizations select projects that best meet their business objectives. Using predefined business rules, projects are rated and ranked to ensure that the focus of the business is maintained. This allows executives to make sure that projects align with the long and short term strategic objectives and helps to maximize the value of project spend.

Project Portfolio Management and ALM

In the application lifecycle, Project Portfolio Management happens before the inception of any new projects.  PPM is about making sure the right projects are being selected for your organization.  PPM is also focused on corralling your organizations ideas and innovations and vetting them against tangible and objective set rules and goals that can be applied to all projects.  By applying the rules, your organization can also make sure that it makes the most of your project spend.