Final answer:
The goal of project portfolio management is to help maximize business value and ensure competitive advantage.
Step-by-step explanation:
The goal of project portfolio management is to help maximize business value to ensure competitive advantage.
Project portfolio management is the process of strategically selecting and managing a portfolio of projects to achieve the organization's goals and objectives. By prioritizing and aligning projects based on their potential to create value, businesses can gain a competitive advantage in the market.
For example, a company that effectively manages its project portfolio can invest in projects that have the highest potential for profitability, innovation, or market share growth. This enables the company to allocate its resources in a way that maximizes business value and outperforms its competitors.