RT-394 investigated ways to improve capital effectiveness and efficiency through better alignment between business and project teams. The team identified activities that would benefit from this alignment, as well as practices that have been successfully implemented to achieve this purpose. Although this tool extends from inputs to the portfolio management phase through the transition to the front end planning phase, it focuses primarily on the portfolio management phase. The Portfolio Management Process sits between Corporate Management and Project Management. Figure 1 in Key Finding #2 below offers a visual representation of the Portfolio Management Process, showing its link to Corporate Management and Project Management, as well as the stages and activities necessary to identify, select, develop, and manage the capital project portfolio effectively and efficiently.