Portfolio Management And Strategic Management Concepts.

Portfolio Management and Strategic Management Concepts Portfolio and project management are similar and sometimes thought of as being one another. Between the project and portfolio management the goals and the intended strategic action is similar. The process between the portfolio management includes and involves the resources that list a process, which includes the evaluation, selection, and prioritization. Portfolio management and strategic management assist with the organizations missions and goals. These lay out the objective in the continuous planning and monitoring that assist with reaching the goals. Portfolio and Strategic Management A project portfolio system assists with identifying and analyzes the project throughout the†¦show more content†¦Strategic management assists with determining projects that are continuing in a company. Project management and portfolio management progress through the strategic management which assists in the development and strengthening the processes. Strategic management assists with determining projects that are continuing in a company. Portfolio management will support the organizations program and overall objectives. The organizations strategy with the performance in the resources and strategies involved. Portfolio management supports an organization’s mission and goals by ensuring the program is managed properly and the timing is on a set schedule. Portfolio management supports the accomplishments and the preferred outcomes. The tools and techniques involved assist with the efficiency and the effectiveness. The portfolio management supports in the organization utilizes the resources where they can be applied throughout the organization. Portfolio management assists with creating the operational needs throughout the period of the project. The portfolio management achieves with the vision, mission, and goals and even identify the risk. The time cost and all resources that would be required help identifying within the goals. Within the project-based organizations is developed throughout the completion of projects. Between the non-project based organizations, the other areas of the project are completedShow MoreRelatedHistorical Development of Strategic Management1151 Words   |  5 Pagesdevelopment of strategic management Birth of strategic management Strategic management as a discipline originated in the 1950s and 60s. Although there were numerous early contributors to the literature, the most influential pioneers were Alfred D. Chandler, Philip Selznick, Igor Ansoff, and Peter Drucker. Alfred Chandler recognized the importance of coordinating the various aspects of management under one all-encompassing strategy. 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