The article provides a practical guide on Project Portfolio Management, focusing on selecting projects, managing portfolios, and maximizing benefits. It explains the importance of Project Portfolio Management and outlines the process involved in selecting, maintaining, and executing projects. The finer points of Project Portfolio Management are discussed, including defining PPM, dealing with uncertainty, and turning opportunities into value. The article also includes contributed chapters and case studies on techniques and issues related to portfolio planning, organizing, and implementing. It covers applications in information technology, new product development, and theory of constraint advocacy.