The Full form of PPM is Project Portfolio Management. PPM is the centralized management of the methods, processes and technologies used by PMOs (Project Management Offices) and project managers to analyze and collectively manage proposed or current projects based on various key characteristics. The objectives of PPM are to determine the appropriate mix of optimal resources for delivery and to schedule and manage activities to best achieve an organization’s financial and operational goals, while considering constraints imposed by strategic objectives, customers, or external real-world factors.

The framework of the PPM (Project Portfolio Management) is defined by the International standard. In large, PPM provides project and program managers with the capabilities needed to manage the resources, skills, time, and budgets necessary to accomplish all the organization’s interrelated tasks. It provides a framework for risk mitigation and issue resolution, as well as the centralized ability to help planning, scheduling and managing teams to identify the cheapest, fastest, or most suitable approach to deliver programs and projects.

Portfolio Managers are responsible to define KPIs (Key Performance Indicators) and the strategy for their portfolio. Unlike the traditional project management, which only focuses on scheduling and managing a standalone project bounded by a schedule, budget and scope, the PPM is regarded as a critical discipline that is required for organisational success especially in multi-project environments.