The concept of project portfolio management holds that firms should:
A)regard all projects as unified assets.
B)manage projects as independent entities.
C)focus on short-term strategic goals.
D)focus on long-term constraints.

Question

Quizplus · Accepted Answer

Project portfolio management sees all the projects as a unified asset that needs to be managed together to achieve long-term strategic goals. This approach helps in evaluating each project's priority and contribution to the overall business objectives, which results in effective resource allocation and better decision making. Therefore, option A is the correct choice as it aligns with the concept of project portfolio management.

The Concept of Project Portfolio Management Holds That Firms Should