What is Strategic Portfolio Management (SPM)?

Strategic Portfolio Management (SPM) is the discipline of aligning an organization’s work and investments with its strategic objectives. In essence, it ensures that what gets done (projects, programs, products) directly supports why it’s done (the strategic goals). This approach goes beyond traditional project execution to bridge the gap between strategy formulation and effective implementation. As one business leader famously put it, SPM is about “charting the course, translating strategy into workable plans, and delivering results.”​ PMI