According to the Standard for Portfolio Management, a portfolio is a collection of projects or programs and other work that are grouped together to facilitate the effective management of that work to meet strategic business objectives. Portfolio management focuses on the processes to identify, select, prioritize, govern, measure, and report on the projects and programs to achieve a specific business objective. In your estimation, a portfolio mindset requires that, at any point in time, managers: Inventory and become familiar with all of the projects and programs in the portfolio Focus on the big picture with clarity of purpose and based on strategic objectives Continuously assess and balance priorities based on the four Rs reward (benefit), risk, resources, and relationship (the impact of doing a project on other projects that are existing or planned) (Duggal, 2008, p. 41). Choose the position that you feel is most relevant to the preceding comments regarding having a portfolio mindset and substantiate your premise with referenced citation