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Project Management & Agile · Foundational

Portfolio

A collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.

Definition

Portfolio components need not be related or interdependent; they are grouped to optimize investment against strategy. Portfolio management selects, prioritizes, balances, and terminates work based on value and risk.

Example

An IT portfolio ranks 40 candidate initiatives by strategic fit and funds the top 12.

Exam tip

Portfolio = 'doing the right work' (selection and prioritization); project = 'doing work right'.

Don't confuse it with

Related terms