Describe the relationship between the strategic planning process and portfolio management in an organization.

Key concepts to be covered in the response could include, but are not limited to:

Project selection should begin with the organization's strategic planning process, which could include a strategic analysis of the organization's strengths and weaknesses (SWOT analysis).

A vision and mission statement would then be developed, and would be used to set strategic objectives for the organization.

Portfolio management would follow, as it aligns with organizational strategies by selecting the right projects, prioritizing the work, and providing needed resources.

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