Problem Project Portfolio Management (PPM)

ABC Corporation is a large multinational company that operates in several industries, including healthcare, finance, and technology. The company is struggling to manage its numerous projects effectively, resulting in delays, cost overruns, and missed opportunities. The CEO of ABC Corporation is considering implementing a project portfolio management (PPM) system to improve project selection and prioritization, resource allocation, and overall project performance.

Question: What are the benefits and challenges of implementing a project portfolio management (PPM) system, and how can the CEO of ABC Corporation ensure its successful implementation? Develop several challenges in technology and ensure the successful implementation of the system.