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

SAP Term: project portfolio

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: The entire spectrum of projects across an organization, classified by project category.

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• Key Concepts: 
  Project portfolio management (PPM) is a set of processes and tools used to manage a company’s projects and resources. It helps organizations to identify, prioritize, and select the right projects to achieve their strategic objectives. PPM also helps to ensure that resources are allocated efficiently and effectively across all projects. The SAP PFM Portfolio Management component provides a comprehensive set of tools for managing project portfolios. 
  
  How to use it: 
  The SAP PFM Portfolio Management component provides a range of features for managing project portfolios. These include the ability to create and manage project portfolios, track project progress, analyze project performance, and optimize resource utilization. The component also provides reporting capabilities to help organizations make informed decisions about their projects. 
  
  Tips & Tricks: 
  When using the SAP PFM Portfolio Management component, it is important to ensure that all stakeholders are involved in the decision-making process. This will help ensure that the right projects are selected and that resources are allocated efficiently and effectively across all projects. Additionally, it is important to regularly review project performance and make adjustments as needed. 
  
  Related Information: 
  For more information on the SAP PFM Portfolio Management component, please visit the SAP website at https://www.sap.com/products/ppm-pfm-portfolio-management.html