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 allows firms to plan ahead and develop products with long lead times. This helps them stay competitive and make strategic decisions based on their resources and capabilities. Choosing products randomly (option A) or moving too quickly (option C) can lead to wasted resources and a lack of focus. Moving at a glacial pace (option D) may lead to missed opportunities and lost market share.

Successful Firms Use Project Portfolio Planning Routinely To