A portfolio is a collection of programs, projects and/or operations managed as a group. The components of a portfolio may
not necessarily be interdependent or even related—but they are managed together as a group to achieve strategic objectives.
Portfolio management is the centralized management of one or more portfolios, which includes identifying, prioritizing,
authorizing, managing, and controlling projects, programs and other related work to achieve specific strategic business
Portfolio, program and project management are all aligned and driven by organizational strategies. However, each one
contributes differently to the achievement of strategic goals