Explanation
The Portfolio Performance Management Plan shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components and how the portfolio component progress and resource-related issues and risks are integrated with the resource management activities to ensure that cost-effective resource allocations are made to maximize portfolio performance. It is the systematic planning, measurement, and monitoring of the portfolio's organizational value through achievement against strategic goals. It Manages the sourcing of key resources such as finance, assets, and human resources to ensure optimal returns. It is critical in closing the gap between organizational strategy and the fulfillment of that strategy.
Finally, it documents how the organization plans to measure, monitor, control and report (1) portfolio performance, (2) resource management, and (3) portfolio value