Explain how strategic portfolio management relates to project management

Write a 1,050- to 1,400-word summary in which you:

Explain how strategic portfolio management relates to project management.

Discuss how portfolio management concepts support an organization’s mission and goals.

Analyze the difference between project-based and non-project-based organizations.

Address these areas:

How does communication differ for a project manager in a project-based organization versus a non-project-based organization?

Describe two challenges that a project manager might face in a non-project-based organization.

As a project manager in a non-project-based organization, how would you overcome the challenges you identified?

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Portfolio management can be described as the process used in the management of a collection of projects or management of centralized projects for the sake of conducting effective or strategic management. This helps with the realization of strategic objectives set for the organization. Project management………………………….