Chartering the portfolio is an important step towards the initiation of the endeavor. It authorizes the portfolio managers to use the resources and marks the first step towards the allocation of resou

Strategic alignment analysis, prioritization analysis, and component inventory are used after the charter is established to optimize and balance the portfolio, not during charter development.

Prioritization, interdependency, and cost-benefit analyses are performed during portfolio optimization and component selection, which follows charter development.

Scenario analysis allows the portfolio manager to explore different strategic scenarios and their potential outcomes before committing resources, while capability and capacity analysis assesses whether the organization has the skills, resources, and capacity to support the portfolio. Together, these two tools provide the foundational information needed to develop a credible and achievable charter.

Gap analysis, readiness assessment, and stakeholder analysis are more relevant to implementation planning stages that occur after the charter authorizes the portfolio.