Executive Summary (This is a document excerpt)

The term "portfolio management" is officially in vogue — it has been appended to applications, projects and programs, enterprises, and to IT itself. But what does it mean to manage a portfolio? What are the criteria for determining whether portfolio management claims are substantial or marketing fluff? In the absence of a succinct definition, the designation is ambiguous at best, and it may be meaningless, co-opted, and misused at worst. In truth, portfolio management tools of all types share some common and distinct characteristics that can dissolve much of the definitional uncertainty.

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