Portfolio management

So, where should we examine value and decide about it? The answer is in the portfolio management layer. That’s where we select and prioritize the best projects: those that bring us the most value.

Now, you may be asking, if value management is mainly done in the portfolio layer, why do we have a principle about it in the PMBOK Guide, which is about projects? The answer is that while it’s mainly done elsewhere, we should still be aware of it in the project layer and align our activities with it on the one hand, and to provide them with up-to-date information they can use to re-evaluate projects on the other.