Portfolio management
Portfolio management refers to the process of managing a collection of investments, projects, or initiatives to achieve strategic objectives and optimize returns. In the context of Finance, portfolio management involves selecting and managing a mix of assets, such as stocks, bonds, and real estate, to balance risk and potential returns. This concept is closely related to Risk management and Investment analysis. Effective portfolio management requires ongoing Monitoring and Evaluation to ensure that the portfolio remains aligned with the investor's goals and Risk tolerance. Portfolio management is also applied in other fields, such as Project management and Product management, where it involves managing a collection of projects or products to achieve business objectives. Stephen Smale's work on Dynamical systems has influenced the development of portfolio management models.