Which statement best describes IT portfolio management and project portfolio management, and why both are needed?

• A. IT portfolio management for budgeting and financial oversight; project portfolio management handles scheduling.
• B. IT portfolio management optimizes the mix of IT assets and capabilities across the enterprise, while project portfolio management selects and coordinates IT projects; both ensure alignment with strategy and optimal resource use.
• C. They are the same discipline.
• D. IT portfolio management focuses on security assets; project portfolio management focuses on infrastructure.

Answer: (B)