Project Portfolio Optimization
A key result of PPM is to decide which projects to fund in as near an optimal manner as possible. In the words of Cooper: “The portfolio decision process is characterized by uncertain and changing information, dynamic opportunities, multiple goals and strategic considerations, interdependence among projects, and multiple decision-makers and locations.” Project Portfolio Optimization (PPO) is the effort to formally make the best decisions possible under these conditions.
Read more about this topic: Project Portfolio Management
Famous quotes containing the word project:
“Indigenous to Minnesota, and almost completely ignored by its people, are the stark, unornamented, functional clusters of concrete—Minnesota’s grain elevators. These may be said to express unconsciously all the principles of modernism, being built for use only, with little regard for the tenets of esthetic design.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)