Specific Project Portfolio Management Techniques for monitoring and controlling Enterprise Project Portfolios Eduardo García Escribano Ph. D. Student, Industrial Engineering Universidad de Valladolid edu947@hotmail.com Abstract. The main purpose of this paper is to analyze specific project portfolio management techniques for monitoring and controlling enterprise projects portfolios. Nowadays, companies have too many projects and have to execute them with limited resources, which they must use efficiently, assigning them correctly to the right projects and coordinating the joint execution of them so that synergies could be achieved. We will try to focus the project portfolio management on the control areas, analyzing the different selection techniques to incorporate appropriate projects to balance the portfolio with the strategic objectives, the procedures to report the portfolio, the decision techniques of the status of each of the projects and the most useful techniques for monitoring and control the entire portfolio. Keywords: project portfolio management, balance, strategic objectives, selection techniques, report, decision techniques, monitor and control. 1 Introduction Companies in today’s full of changes and in a highly competitive environment must dedicate significant time, human and financial resources in achieving strategic goals that can be translated into projects [1]. As defined by the Project Management Institute (PMI), a project is a temporary endeavour undertaken to create a unique product, service, or result [2]. A program is defined by PMI as a group or related projects managed in a coordinate way to obtain benefits and control not available from managing them individually [3]. The IPMA has also defined a program as being concerned with achieving strategic goals of the organization. It consists of a set of related projects and required organizational changes to reach a strategic goal and to achieve the defined business benefits [4]. Project Management Institute introduced in 2006 Standards for Portfolio Management that provides guidance to managers and helps them to develop professionally with the purpose of describing generally accepted processes associated with portfolio management. The primary objective of portfolio management is to maximize the return on project-related investments and benefits from it, while effectively minimizing risks to the projects and the organization.