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1.      Portfolio: A collection of projects and programs that are managed and coordinated as a group to achieve strategic objectives. 2.      Program: A group of related projects managed in a coordinated way to obtain benefits not available from managing them individually. 3.      Strategic Alignment: The process of ensuring that the portfolio's projects and programs support the organization's strategic objectives and goals. 4.      Portfolio Governance: The framework, functions, and processes that guide portfolio management activities to ensure that they align with organizational policies and strategies. 5.      Resource Capacity Planning: The process of determining the resources (e.g., people, equipment, budget) required to meet the portfolio's demands and ensuring their availability. 6.      Benefit Realization Management (BRM): The process of identifying, planning, measuring, and sustaining benefits throughout the portfolio lifecycle. 7.      Key Performance Indicators (KPIs): Metrics used to evaluate the success and performance of the portfolio against its strategic goals. 8.      Portfolio Balancing: The process of ensuring an optimal mix of projects and programs within the portfolio to balance risk, return, and strategic alignment. 9.      Investment Appraisal: The evaluation of projects and programs to determine their potential value, risks, and alignment with strategic goals before including them in the portfolio. 10.  Value Optimization: The process of maximizing the value delivered by the portfolio by prioritizing and selecting projects and programs that offer the highest return on investment. 11.  Project Pipeline: A prioritized list of proposed projects that are evaluated and selected for inclusion in the portfolio based on their alignment with strategic objectives. 12.  Stage-Gate Process: A project management technique in which a project is divided into distinct phases or stages separated by decision points (gates), where progress is reviewed and the continuation of the project is decided. 13.  Portfolio Roadmap: A visual representation of the planned timeline and sequencing of projects and programs within the portfolio. 14.  Risk Appetite: The level of risk that an organization is willing to accept in pursuit of its strategic objectives. 15.  Portfolio Performance Management: The continuous monitoring and evaluation of the portfolio's performance to ensure it meets its objectives and delivers expected benefits. 16.  Project Prioritization: The process of ranking projects based on their strategic importance, potential benefits, and resource requirements to determine their order of execution. 17.  Financial Management: The process of planning, allocating, and controlling the financial resources of the portfolio to ensure efficient use of funds and alignment with strategic goals. 18.  Stakeholder Engagement: The process of identifying and managing the expectations and interests of stakeholders involved in or affected by the portfolio. 19.  Balanced Scorecard: A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals. 20.  Portfolio Dashboard: A visual tool that provides real-time information on the status, performance, and progress of the projects and programs within the portfolio. These terms help facilitate clear communication and effective management of portfolios, ensuring that projects and programs are aligned with the broader strategic goals of the organization.

Project management encompasses a plethora of specialized terminology and jargon that industry professionals employ to facilitate clear and effective communication. Presented below are several frequently utilized project management terms:

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