project portfolio

project portfolio

Definition: (ITIL Service Design) (ITIL Service Strategy)
A database or structured document used to
manage projects throughout their lifecycle.
The project portfolio is used to coordinate
projects and ensure that they meet their
objectives in a cost-effective and timely
manner. In larger organizations, the project
portfolio is typically defined and maintained
by a project management office. The project
portfolio is important to service portfolio
management as new services and significant
changes are normally managed as projects.
See also charter.