The term of Product portfolio is implemented on the situation when an organization is projecting a group of products, and the process of selecting and managing the products is delineated as product portfolio that is a synonym of product portfolio management. The strategies of project portfolio are elected with extra precautions as to meet the organizational goals of the corporation.
Project Portfolio Management: Earning An Execution Premium By Shan Rajegopal, Philip McGuin, James Waller (published by Project Portfolio Management, 2007)
Project Portfolio Management By Harvey A. Levine (published by John Wiley & Sons, 2010)
Here is an array of areas where the concept of project portfolio management can be implemented,
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