Portfolio management ensures that an organization can leverage its project selection and execution success. It refers to the centralized management of one or more project portfolios to achieve strategic objectives. Our research has shown that portfolio management is a way to bridge the gap between strategy and implementation.Also,it is a combination of projects or programs, grouped to ensure effective management to meet strategic business objectives to create value addition for stakeholders. According to Project Management Institute (PMI), organizations that are effective in portfolio management had 62% of projects meet or exceed expected ROI.