The discipline of portfolio management is a means of helping organisations focus on both "doing work right,” and on "doing the right work.” The Standard for Portfolio Management provides a framework for you to use to take a comprehensive view of portfolios, group them for the most effective management, and ensure that all components are aligned strategically.
The Standard for Portfolio Management provides portfolio managers with a resource to help them develop professionally and achieve success for themselves and their Organisations. Portfolio management is the centralized management of one or more portfolios in order to achieve specific strategic business objectives. As a process, portfolio management enables organisations to identify, categorize, evaluate, select, prioritize, authorise, terminate and review various portfolio components to ensure their alignment with current and future business strategy and goals, which in turn helps the organisation optimise the use of its limited resources. With this in mind, The Standard for Portfolio Management is designed to provide a guide to those processes generally recognised as good practices in portfolio management and focuses on portfolio management as it relates to the disciplines of program and project management.
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