Project Portfolio Management or PPM is critical to every firm, and yet it is perhaps one of the most overlooked elements of business processes. Wedged-in between your strategy processes and your project execution processes, PPM has elements of both. The inputs into the process of PPM include essentially every form of customer facing strategy and internal operations strategy in your company. Inputs also include current execution status and critical issues facing projects in the portfolio. With all of this information, leaders in the PPM process must cut through the noise to make essential decisions about balancing the project portfolio to reflect the overall goals of the firm. PPM is not a one-time event, but rather a continuous process of identifying, monitoring, nurturing and sometimes even killing projects.