Answer :

Final answer:

Portfolio management involves essential components such as project selection, risk assessment, and resource allocation.


Explanation:

Portfolio management involves several essential components to effectively manage a portfolio:

  1. Project Selection: Choosing the right projects to include in the portfolio.
  2. Risk Assessment: Evaluating the risks associated with each project.
  3. Resource Allocation: Allocating resources efficiently among projects.

These components are crucial for optimizing portfolio performance and achieving organizational goals.


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