A portfolio is simply a generic term for a grouping of things. Depending on the context and industry, it can be a collection of assets, products, investments, or other items. A portfolio in project management refers to a grouping of projects, and programs. It can also include other project-related activities and responsibilities. The purpose of a portfolio is to establish centralized management and oversight for many projects and programs. A portfolio also helps establish standardized governance across the organization.

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