Tight economic conditions will continue to force the issue of good project portfolio management. Selection of the right projects and resourcing those projects for success will be seen as critical to the efficient achievement of an organization’s strategy. Over half of respondents report frequent use of project portfolio management in their organization, an increase of five percentage points from the previous survey. According to a 2011 survey on PMI’s The Standard for Portfolio Management, financial and budget management is the second most important aspect of portfolio management, after providing “big picture” visibility to executives. .
