Application of Balanced Scorecard in Project Portfolio Management

Balanced Scorecard has been one of the most successful business management tools applied during the last few decades, leading to better business performance. The strength of the balanced scorecard lies in linking the strategy development with its planning to achieve the objectives.

The current presentation seeks to explore the linkages between strategy planning and project portfolio management and expounds how better project portfolio management can be an enabler for business success.

Project portfolio management also leads to launching of appropriate programs and projects to produce the required deliverables and obtain the benefits, eventually leading to attainment of strategic objectives. The role of portfolio office and how it can interface with Office of Strategy Management is also explored here.