What is Project Portfolio Planning?

Project portfolio planning is the missing ingredient for successful strategic execution. Click here for a demo of Acuity PPM software to improve portfolio planning: https://calendly.com/acuityppm/60min

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This video is based on the blog: https://acuityppm.com/ppm-101-portfol...

Project portfolio management is about strategic execution with the goal of maximizing business value delivery. Successful portfolio planning synthesizes what the company or organization aims to achieve at the strategic level and helps select projects at the tactical level that will fulfill those strategic goals. In this post we will cover the primary elements of portfolio planning and how you can incorporate it into your existing portfolio management processes.

Strategic planning: an executive leadership process to set the direction of the company to fulfill its mission and goals by establishing strategic objectives to fulfill those longer-term goals. Strategic planning entails developing organizational strategy that communicates where the company is going and why. One of the primary outputs of strategic planning is a strategic roadmap.
Portfolio planning: a senior leadership activity within project portfolio management to reconcile the strategic plan with the right projects and to sequence those projects according to priorities, resources, dependencies, and current environmental conditions.
Project planning: a team-based process to develop the scope, activities, timing, budget, and resources needed to complete the project, while accounting for risk. This answers the question of “WHAT are we doing?” and “HOW are we doing it?”