The Four Pillars of Portfolio Management: Organizational Agility, Strategy, Risk, and Resources

Portfolio management consists mainly of making decisions about which initiatives to undertake, which initiatives not to pursue, and which resources are to be allocated to which portfolio component. At least, that’s how it is most commonly presented in textbooks and courses. Indeed, it is all of that, but it is also so much more.

Portfolio management is, of course, about making these decisions, but, more accurately, it is about making them with the goal of creating value for an organization’...