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:
- Project Selection: Choosing the right projects to include in the portfolio.
- Risk Assessment: Evaluating the risks associated with each project.
- Resource Allocation: Allocating resources efficiently among projects.
These components are crucial for optimizing portfolio performance and achieving organizational goals.
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