The purpose of Portfolio Management, when applied to Provider investments (especially, IT investments), is a central mechanism to an overall Value Management approach by making investment allocation explicit against strategic choices such as how much to invest in potentially high value, but usually risky initiatives versus safe but low-value activities. The Service Portfolio represents the complete set of services that are managed by the service Provider. It is used to manage the entire lifecycle of all services and is defined by three categories of services. The service pipeline represents service that is under consideration (purposed) or those that are currently in development but are not yet ready for deployment or consumption by the business partners. The next category is the service catalog which represents all live services or services that are available for deployment to the business partners. The final category is retired services. This represents the serv...