Using Strategic Fit for Portfolio Management

We focus in this paper on a tool to improve portfolio management. More precisely, of the three major goals that Cooper et al. specify for project portfolio management - selecting the MVP projects, balancing portfolio, and aligning project portfolio with strategy- goal three attracted our attention. Even more precisely, we look to use strategic fit for the goal three. For this reason, we need to use concepts of diverse disciplines of project management, business strategy, portfolio management and alignment business strategy with project management. The theory building literature stream is also reviewed to gain better understanding of how to build a theoretical model of using strategic lit approach for portfolio management. Finally, we conclude this paper laying down concept of our ideas to use the strategic fit.