Portfolio Management
Portfolio management is a strategic methodology used to oversee and optimize a collection of projects, products, or investments to achieve organizational goals. In software development, it involves selecting, prioritizing, and managing multiple initiatives based on factors like business value, resource constraints, and risk. It ensures alignment with strategic objectives and maximizes return on investment across the portfolio.
Developers should learn portfolio management to contribute effectively in roles involving project prioritization, resource allocation, or strategic planning, such as in product management or technical leadership. It is crucial in large organizations or agile environments where balancing multiple competing projects, managing technical debt, and aligning development efforts with business strategy are key to success. Understanding this helps in making informed decisions about where to focus development efforts for maximum impact.