Study On Process Of Project Portfolio Management

One of the common problems faced by project-oriented organizations is having too many projects relative to their capacity. Therefore, one of the first things that needs to be done is to determine what can be done is to determine what should be done and what should not be done. Project portfolio management (PPM) and its tools can help you achieve that.The selection of a strategic portfolio, which requires the consideration of corporation goals, resources, and constrains, is an important and challenging task. Usually, there are more projects available for selection than can be undertaken within the physical and financial constrains of a firm, so choices must be made in creating a suitable project portfolio.First this paper evaluates briefly the current state of the art in project management. This paper then studies the selection process of a portfolio, which comprise of five steps. Then based on the concepts of decision support system, this paper introduces an integrated framework that incorporates fuzzy theory into strategic portfolio management, and a real-world case is used to demonstrate the proposed approach based on the literature.Because the theory of project portfolio management has not been developed until recent, there is enormous amount of work to do for Chinese corporation.