First off, what is a project portfolio? The video below answers this effectively. A project portfolio is just a collection of projects. It’s a “black box” filled with projects that relate to each other some way. You decide how they relate, or why they are bundled. Then you can work on the entire bundle.
The idea is that you can perform certain operations on an entire portfolio of projects rather than the individual projects themselves. Or course you can work with individual projects also. But portfolios give you a “black box” of projects that you can tinker with.
What can you do with portfolios? The video explains, but consider these possibilities.
- See resource allocation for an entire portfolio
- See revenue for a portfolio
- Run reports for a selected portfolio
- See historical time for a portfolio