Why is Project and Portfolio Management important for companies?

Project and Portfolio Management is important for companies because: 

• It helps prioritize projects based on strategic goals 


• It ensures resources are allocated efficiently 


• It improves decision-making processes 


• It increases visibility and transparency 


• It enhances collaboration and communication within the organization 


• It helps monitor the progress and performance of projects 


• It enables companies to adapt to changes and challenges more effectively 


• It maximizes the return on investment for projects 


• It fosters innovation and continuous improvement 


• It helps mitigate risks and uncertainties in project delivery