Indeed, ‘portfolio management’ is all about a concept that promotes the idea of diversification. To be honest, let me tell you that the idea of managing your own investments can feel daunting, but no matter how much money you’ve, there is a level of portfolio management right for you. Simply put, however, it can be either passive or active in nature. Most tellingly, on the one hand, passive management is a set-it-and-forget-it long-term strategy that often involves simply tracking a broad market index — commonly referred to as indexing or index investing. On the other hand, active management instead involves a single manager, co-managers or a team of managers who attempt to beat the market return by actively managing a fund’s portfolio through investment decisions based on research, and decisions on individual holdings. Apart from this, the business strategy underpins successful project portfolio management. Here is what I’d like to say: strategy refers to the long-term direction as well as scope of an organization, working towards the goals of growth in the competitive landscape.