The purpose of business portfolio management processes is for the management board to provide the instruction and brief for creating a new business portfolio. The key management activities and their relationships (inputs and outputs) are shown with each activity in a swim lane to show which role is accountable. The purpose of setting up a new business portfolio is to ensure that all the necessary roles are filled, initial plans developed and methods and processes (with supporting systems) designed. The business portfolio should be defined and planned to meet the objectives set by the business programme sponsor and agreed with the management board. The business portfolio’s objectives and strategy should be periodically reviewed to ensure: they are still current and affordable; and the right programmes, projects and other work are being undertaken to meet those objectives. Business portfolio performance should be reported against the agreed plan, including, but not limited to, financials, benefits, important milestones and risk.