Question

The concept of project portfolio management holds that firms should:__________.
1. Focus on short-term strategic goals.
2. Regard all projects as unified assets.
3. Focus on long-term constraints.
4. Manage projects as independent entities.

Answer 1

Answer:

2. Regard all projects as unified assets.

Explanation:

Project Portfolio management allows companies and enterprises a wide range for planning and resource allocation. This concept of project portfolio management holds that firms should regard all projects as unified assets. This means that they should hold and regard all of their projects as a single unified portfolio and manage it in that way. Allowing for easier decision making and fewer errors.