What is the main goal of the Project Portfolio Management Process?

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The main goal of the Project Portfolio Management Process is to initiate and sustain necessary projects that align with an organization's strategic objectives. This process ensures that the projects selected contribute to the long-term vision and goals of the organization. By focusing on strategic alignment, organizations can prioritize projects that offer the greatest value and support overarching business objectives.

This approach allows for better decision-making regarding which projects to pursue, ensuring resources are directed toward initiatives that will yield beneficial outcomes and foster growth. By sustaining projects throughout their lifecycle, the organization can continually assess their relevance to strategic goals and make adjustments as needed.

While optimizing resource allocation and minimizing costs, enhancing team collaboration and communication, and developing new technologies are important aspects of overall project management, they serve as means to support the primary goal of aligning projects with strategic objectives rather than being the main focus of the Project Portfolio Management Process itself.

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