The number of portfolio management teams within an organization can vary based on the size. In mid-to-large size companies, two portfolio management teams are common. The first team consists of a “core multi-functional portfolio team” that meets monthly. This team is responsible for scoring and prioritizing projects across the organization and assigning resources. This monthly output is then provided to a second team which consists of executive management. The second team is commonly referred to as the “executive portfolio management team” and usually meets on a quarterly basis to ensure the balance and strategic fit of the portfolio. They ultimately make the decision on whether projects will remain or proceed in the new product development process.
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