In which area does portfolio management focus its efforts?

Portfolio management primarily concentrates on aligning projects and programs with the corporate strategic objectives. This means that it is concerned with selecting, prioritizing, and managing a set of projects that will contribute to the overall goals and strategy of the organization. By ensuring that resources are allocated efficiently across projects that align with strategic priorities, portfolio management helps organizations maximize value and achieve long-term success.

This focus on strategic objectives allows organizations to make informed decisions about which projects to undertake, ensuring that they contribute to the broader vision and mission of the company. Thus, portfolio management plays a crucial role in guiding the strategic direction and ensuring that all projects collectively support the desired outcomes of the organization.