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In construction, project portfolio management (PPM) is the strategic approach that lets construction companies assess and optimize their performance, ROI, resources, and processes.
Project Portfolio Management (PPM) is a strategic approach that allows construction companies to evaluate, prioritize, and manage their projects collectively to optimize performance and resource allocation. By assessing various projects based on factors such as return on investment (ROI), risk, resource availability, and alignment with organizational goals, PPM helps companies make informed decisions about which projects to pursue, delay, or terminate.
Effective Project Portfolio Management allows firms to prioritize projects that align with strategic goals, resulting in increased profitability and resource efficiency.
