Definition:
Portfolio Plan is strategic business process set by an organization to determine the investments and funds allocated for innovation and New Product Development (NPD) in order to achieve their business objectives. It is also called as investment portfolio strategy. An activity for determining which products (or projects) to work on, in which order, and for how long. Sometimes referred to as portfolio management or Project Portfolio Management (PPM).
The objective of Project Portfolio Management (PPM) is to determine the optimal mix and sequencing of proposed projects to best achieve the organization’s overall business objectives typically expressed in hard economic measures and business strategy goals. With Portfolio Management a business can achieve
Further Reading:
Book: Disciplined Agile Delivery by Scott W. Ambler and Mark Lines
Essential Scrum: A Practical Guide to the Most Popular Agile Process by Kenneth S. Rubin