What is an expected output of the Project Portfolio Management Process?

The expected output of the Project Portfolio Management Process includes project direction. This is because the primary goal of project portfolio management is to ensure that the organization is investing its resources in projects that align with strategic objectives. The process involves evaluating and prioritizing projects, which ultimately leads to the determination of which projects are worth pursuing and how they should be executed. Hence, establishing clear project direction is essential for guiding teams and stakeholders in the execution of prioritized projects and aligning them with organizational goals.

In contrast, while project financial reports, stakeholder feedback, and risk management plans may be important aspects of project and portfolio management, they are not direct outputs specific to the project portfolio management process. Financial reports provide insights into the budgetary aspects of projects, stakeholder feedback gathers insights from those impacted by the projects, and risk management plans identify potential risks associated with projects. However, these elements are more focused on the operational and tactical levels of individual projects rather than the strategic output expected from the project portfolio management process.