A business process by which a business unit decides on the mix of active projects, resources and dollar budget allocated to each project currently being undertaken.

Project Portfolio Management (PPM) integrates all project-related information within a single, online or web based enterprise solution in the form of a portfolio. Organizations use PPM solutions to acquire and view information about all its projects, then sort and prioritize each project according to certain criteria. By creating and utilizing a PPM system, an organization's executives have a bird's-eye view of projects to effectively distribute resources and monitoring the demands of multiple priorities as they progress, while reviewing changing demands and spotting potential redundancies.