Throughout the course of the portfolio lifecycle, components are initiated, terminated and updated. In order to be initiated, portfolio components receive go/no-go decisions during governance…

Review meetings are a tool and technique used within governance processes to assess status and performance, but they are not themselves a defined process where formal authorization decisions are issued.

Provide Portfolio Oversight is a monitoring and controlling process focused on tracking performance and compliance, not on issuing formal authorization decisions for components.

The Authorize Portfolio process is specifically responsible for issuing go/no-go decisions at governance meetings, formally approving or denying the initiation, continuation, or termination of portfolio components based on strategic alignment and available funding.

Manage Strategic Change addresses realigning the portfolio in response to shifts in organizational strategy, not the formal approval mechanism for component go/no-go decisions.