Which is one of the five portfolio management principles?

The Management of Value (MoV) framework integrates with portfolio management by applying value-improving techniques. Effective portfolio management, according to the official guidance, is based on five core principles. These principles are: senior management commitment, strategy alignment, portfolio office, energized change culture, and portfolio definition and delivery. "Strategy alignment" is explicitly one of these five principles, ensuring that the collection of projects and programmes within the portfolio is directly focused on achieving the organization's strategic objectives and delivering maximum value.

A. Portfolio definition: This is a key process within the broader principle of "Portfolio definition and delivery," not a standalone principle.

B. Multi-criteria analysis: This is a specific technique used to evaluate and prioritize portfolio components, not a fundamental guiding principle.

C. Prioritize: This is a critical activity performed during the portfolio definition and management cycles, but it is not one of the five core principles.

1. AXELOS. (2010). Management of Value. The Stationery Office (TSO). Section 4.4.2, "The Principles of Portfolio Management," pp. 40-41. (Note: This section explicitly lists the five principles, including "Strategy alignment").

2. Jenner, S. (2014). Managing benefits: Optimizing the return from investments (2nd ed.). The Stationery Office (TSO). Chapter 5, "Portfolio Management," discusses the importance of strategic alignment as a foundation for portfolio-level benefit management, reinforcing its status as a core principle. (This is an aligned official publication often used in conjunction with MoV).