Successful firms use project portfolio planning routinely to:
A)make quantum jumps from one product to another.
B)develop products with long lead times and plan ahead.
C)move as quickly as possible into new territory.
D)move at glacial pace always within the same product line.

Question

Quizplus · Accepted Answer

Project portfolio planning helps firms to prioritize and allocate resources efficiently. It enables them to plan and manage multiple projects with long lead times simultaneously, ensuring that they are successfully completed on schedule. By doing so, firms can assure themselves of a steady stream of revenue from products in various stages of development, thus minimizing any potential revenue shortfalls.

Successful Firms Use Project Portfolio Planning Routinely To