Project portfolio management aims to forecast future opportunities, evaluate the potential of portfolios, and draft a full-proof plan for managing them efficiently. In a nutshell, it helps an organization become more agile and responsive to ever-changing demands.
Today, resource management forms a critical aspect of project portfolio management. It helps evaluate resource requirements across various projects well ahead of time. It also facilitates the maximum billable utilization of all the employees and competent resource allocation to improve the health of the project portfolio.