Portfolio Management in this case is about optimising your Portfolio of Projects, or Products and especially your Portfolio of New Product Projects to ensure that you have a strategically aligned and balanced portfolio that will obtain the maximum benefits for an acceptable risk profile.
The difference between Project Portfolio Management and Product Portfolio Management is that in the former all projects are included, not just new product projects, because they potentially use some of the same resources and are potentially all fighting for a limited budget. Product Portfolio Management is about managing the portfolio of new product projects.
For Product Portfolio Management go here.
For Project Portfolio Management go here.
A key part of successful managing a Portfolio of pr5ojects is Resource Management and to find out more about this go here.
If you wish to discuss any aspect of managing your portfolio, then please contact us.
We will be very pleased to help and to explan how to link this with your new product development process.