Project Portfolio Management ensures that the "right" projects are executed and followed through to completion in order to realize strategic goals as well as to balance the allocation of resources and the risks of the projects.

+ Project selection based on

+ Their strategic orientation
+ Their importance for strategic business goals
+ Optimization of project risks and benefits

+ Controlling of project portfolios

+ Prioritizing of projects to achieve an effective allocation of budget and resources
+ Continuously monitoring and controlling of the project portfolio
+ Conservation of a "healthy" project portfolio