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Portfolio management is the centralized management of one or more portfolios to achieve strategic objectives. The first part of setting the organization's strategic direction is

Portfolio management is the centralized management of one or more portfolios to achieve strategic objectives. The first part of setting the organization's strategic direction is to perform a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis. Next is the creation of a one-sentence statement describing the clear and inspirational long-term, desired change or direction resulting from an organization or program's work. This statement is called a __________.
a. mission statement
b. vision statement
c. triple bottom line statement
d. business case statement

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