What is portfolio management in SAP PPM-PFM - Portfolio Management?

SAP Term: portfolio management

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: Manages and analyzes the portfolio items and initiatives in a certain part of an organization. With portfolio management, you can set strategic goals for portfolio items and initiatives and measure their execution. It aims to determine an optimal mix and scheduling of all portfolio items and initiatives.

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• Key Concepts: 
  Portfolio management is a component of SAP’s Project and Portfolio Management (PPM-PFM) suite. It is a tool that helps organizations manage their portfolios of projects, programs, and initiatives. It enables organizations to prioritize projects, allocate resources, and track progress. It also provides visibility into the overall portfolio performance and helps organizations make informed decisions about their investments. 
  
  How to use it: 
  Portfolio management can be used to create a portfolio of projects, programs, and initiatives. It allows users to prioritize projects based on criteria such as cost, risk, and value. It also enables users to allocate resources to projects and track progress. Additionally, it provides visibility into the overall portfolio performance and helps organizations make informed decisions about their investments. 
  
  Tips & Tricks: 
  When using portfolio management, it is important to ensure that the criteria used for prioritizing projects are aligned with the organization’s goals and objectives. Additionally, it is important to ensure that resources are allocated appropriately and that progress is tracked regularly. 
  
  Related Information: 
  For more information on portfolio management in SAP’s PPM-PFM suite, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PPM_PFM/latest/en-US