Project Portfolio Management (PPM) means prioritizing and selecting your projects based on business need, choosing what you will do and what you won't do. It also means effectively managing your projects through to completion. And last of all, it means real-time monitoring of both the on-going priorities and project execution, continually reviewing and adjusting as necessary.

CIOs have consistently reported that their number one concern is whether the IT projects in their portfolio are aligned with the needs of the business. They are troubled by the nagging doubt that they might be doing a perfect job of implementing a project that has little or no value to the business.