PPM
Project Portfolio Management
Allocating an organization’s resources to a ‘portfolio’ of alternatives based on the anticipated value (including benefits, costs, risks and opportunities) to the organization.
Scientifically valid methods to measure the relative importance of objectives and the anticipated contributions of the alternatives to those objectives.
Methods to optimize the allocation of limited resources (money, personnel, facilities) to a portfolio of alternatives, considering dependencies, funding sources, timeframes and contrasting scenarios.