What is portfolio management?

Every organization has a portfolio, whether they know it or not.

A portfolio is all the programmes and projects in the organization, or part of the organization, that are competing for money, time, resources and, critically, senior management attention. However, not all organizations are actively managing their portfolios; this can have some significant negative consequences.

According to Management of Portfolios (MoP), there are two main elements to portfolio management: definition of the portfolio (which programmes and projects should we invest in?), and delivery of the portfolio (monitoring performance against the plan).