Project Portfolio Management (PPM) is a systematic approach to managing a collection of projects within an organization. It helps prioritize and align projects with strategic goals, ensuring that resources are allocated effectively. By evaluating the potential value and risks of each project, organizations can make informed decisions about which initiatives to pursue. PPM involves continuous monitoring and assessment of projects to optimize performance and achieve desired outcomes. This process includes analyzing project progress, resource utilization, and overall alignment with business objectives. Ultimately, Project Portfolio Management aims to maximize returns on investment while minimizing risks across the entire project portfolio.