The Portfolio Governance Management Knowledge Area processes include portfolio oversight and how to plan for, define, optimize, and authorize the portfolio in support of overall governance body decision-making activities. Portfolio governance management ensures that investment analysis is done to identify opportunities and threats; to assess changes, dependencies, and impact; to select, prioritize, and schedule activities to fund; and to achieve performance targets.

The Portfolio Governance Management processes are (see Figure 5-1 for overview):

5.1  Develop Portfolio Management Plan—Defining portfolio components, developing the portfolio management organization structure, and creating the portfolio management ...

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