Which of the following best describes the overall goal of project portfolio management?
A)Maximize support of business strategy while minimizing risk.
B)Maximize innovation at an affordable cost.
C)Ensure that all projects are selected using the same criteria.
D)Select projects that can easily be terminated if not successful.

Question

Quizplus · Accepted Answer

The overall goal of project portfolio management is to maximize support for the business strategy while minimizing the risk. This involves selecting and prioritizing projects that are aligned with the organization's goals and objectives, assessing the resources and risks associated with each project, and ensuring that the portfolio of projects is balanced and optimized for maximum benefits. Option B is inaccurate as cost is not the only factor to be considered while selecting projects. Option C is incorrect as different projects have different criteria for selection. Option D is incorrect as we want to select the projects which are likely to be successful, not ones that can easily be terminated.

Which of the Following Best Describes the Overall Goal of Project