ABSTRACT
The purpose of portfolio management is to enable the organisation to use its limited resources in an optimal way – on those projects and programmes that are most important for achieving the strategic goals of the organisation, while at the same time minimising the risk to an acceptable level. When it comes to defining success, there are differences between projects, programmes, and portfolios. Whereas a project is more of a singular undertaking, both programmes and portfolios can consist of many projects, and if one of the proves unsuccessful it may not be so important. The business of the organisation has, of course, an impact on all of its projects, and the projects may have an impact on the business. It is very important that required information on both sides is available to ensure that all issues are addressed and that the results from projects, programmes, and portfolios are aligned with the needs of the business.
