Changing portfolio statuses
The Portfolio Manager of the portfolio and Portfolio Masters can move the portfolio to different statuses throughout its lifecycle.
To change a portfolio status
- Log in to the Portfolio Management application
- Navigate to Portfolios.
- To open a portfolio on the Portfolios workspace, click the required portfolio ID.
- On the portfolio details page, click Edit.
Select the required value in the Status field. The following table lists the required status change based on actions you can perform on a portfolio:
From status
Action
Change to status
Ramp Up
The portfolio manager reviewed the data on associated requirements, demands, and ideas which gave a clear picture of projects to be initiated and worked to begin to achieve the organization's goal.
The portfolio manager has taken a deeper look at the associated requirements, ideas and demands details to understand the overall Budget, Cost and Goal which is getting achieved while fulfilling this.
Project managers start to plan and schedule the projects of the portfolio creating sprints and tasks.
Active
Active
The portfolio manager decides to update the status portfolio to a 'Ramp Down' state for any of the following reasons:
- Circumstances Changes
- Business Justification
- Financial Hold
- Customer Hold
Also if the priority is lowered or when the projects are almost into complete status.
Ramp Down
Projects, demands, Ideas and requirement life cycle are in a completed state and all corresponding sprints, phases and tasks are completed. There is no pending activity which needs attention.
End of Life
Ramp Down
Projects, demands, Ideas and requirement life cycle are in a completed state and all corresponding sprints, phases and tasks are completed. There is no pending activity which needs attention.
End of Life
- Click Save.