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Strategic intent and prioritization provide direction for determining the financial resources that should be allocated to the portfolio.PMI’s Standard for Portfolio Management defines the following flow of control:
Global issues in strategic management wikipedia drivers#
The application of portfolio management permits the sharing of goals and the allocation of resources among these drivers so that projects and programs can achieve their strategic intent. The need for organizational change management initiatives that prepare people to move in the desired direction along with the organization.
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Project management has emerged as a strong discipline practiced by highly trained, certified professionals as organizations have come to realize they cannot stay in business if they cannot manage their projects.