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By portfolio, we refer to a collection of projects or programs that have been grouped together to facilitate effective management to meet strategic business objectives.
Portfolio management refers to the selection process based on the need, profitability, and affordability of the proposed projects. The projects or programs that belong to a portfolio may not necessarily be interdependent or directly related. Portfolio management also refers to the centralized management of one or more portfolios, as detailed in the following section.
PMI-ACP WATCH
In the Exam, You may be asked to select the best projects in a given situation. You may need to choose the best project based on Return on Investment, mostly.