The standard organizes portfolio management into several critical areas: Strategic Alignment
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The Standard for Portfolio Management – Fourth Edition - PMI
: Evaluating both positive (opportunities) and negative risks across the entire collection of work. Stakeholder Engagement
: Optimizing the use of finite resources like talent, budget, and infrastructure. Portfolio Risk Management
: Ensuring the portfolio components (projects and programs) support organizational strategy. Portfolio Governance
: Creating a framework for effective decision-making and oversight. Capacity & Capability Management