Prioritization of projects in Project Portfolio Management

This thesis with the title “Prioritization of projects in Project Portfolio Management” mainly focuses on different methods and tools that are commonly used to select and prioritize the different project opportunities inside a companies’ portfolio. This work is primarily bibliographical, where we have performed an extensive and systematic literature review. However, we have also studied and analysed PPM softwares that are generally used. Firstly, we have carried out a general literature review on Project Portfolio Management (PPM), where we have studied its importance for enterprises and the challenges it faces nowadays. Furthermore, we have reviewed distinct techniques that companies use to prioritize their projects. After this first research, we have discovered that the two main used methods are financial planning and visualization tools. So, we have later decided to narrow-focus our investigation to these two topics. We will cover its main functionalities and in which situations they are principally used. Furthermore, we will be describing how these two techniques are integrated with PPM and with project portfolio selection and prioritization. In addition to the impact of financial constraints on portfolio performance and methods to align financial planning with strategic goals. Lastly, we will also be studying and analysing different softwares which are generally utilized in Project Portfolio Management. In here there will be a general description of each of them with their main functionalities, advantages and disadvantages. Moreover, we will include a table in where it will be shown clearly the differences and characteristics of all of them.