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It is a fact that project managers have executed projects with no documented set of processes - or, put simply, a handbook on portfolio management. Now, with Project Management Institute's (PMI) initiative in bringing out standards for portfolio management within its PMBOK, project managers looks toward a new resource to assist them professionally complete projects. There is also a separate book entitled Standards for Portfolio Management. Of course individuals have been playing this beautiful instrument over a hundred years now mainly because it was brought to Hawaii in the 1870's apparently through the Portuguese, but recently in the last few years there's been a surge inside the quantity of people taking on this instrument and that can maybe be linked to the fact that some celebrities have been seen playing it (Will Smith, W.H.Macy) I can continue.