“It so many tools that are used in

“It defines the process of selecting and
managing the projects of  an organization.”Project portfolio management includes the overall process
of a project management as, management of resource , planning , scheduling , process
of activities etc.  Project management
goal is to complete the  task or project
on time  to get a new project or  task and project portfolio management helps
in it, with a proper managed and schedule planObjectives of project portfolio management: 
Business 
Growth

  
Market security  
Consistent return   
Security of invested amount in businessSkills needed for portfolio Director:       A
project portfolio director should have the business management skills regarding
the businesses.He should
have the latest portfolio management practices. The ability
to provide the strategy, plans and processes to the businessGood
communication skill makes everything better so it’s important to have a good
communication skill so that he or she could easily interact with the wide
variety of people  Should
have the risk management quality, that make the employer to come up with the
different solutions and makes project successful.   Last
but not the least “Leadership quality”.Portfolio management types:- Active and Passive portfolio management Discretionary and non-discretionary portfolio
managementThere  are so many tools that are used in portfolio
management. These are some of them that we have 
mentioning here. Rational
focal point:  It
is an IBM product. Which focus in information technology / project  and resource
management, revenue generation, saas etc. PLM:  This
product belongs to the Siemens. It mainly focuses in the area of research and
development, portfolio and program management, product life cycle.

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 IT
Service Management:  It
is provided by BMC Software. Which focuses in IT/finance, governance and vendor
management.

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