A Portfolio Review is a periodic review of all aspects of a USAID Mission or Bureau/Independent Office (B/IO)’s Development Objective, projects, and activities, often held prior to preparing the Performance Plan and Report. Missions must conduct at least one Portfolio Review per year that focuses on progress toward strategy-level results.
Per ADS 201, the strategic Portfolio Review should consider (1) what has been learned during evaluations (along with other sources of evidence) and (2) the status of post-evaluation action plans for evaluation findings and their use in respective decisions. After the Portfolio Review, the Mission should update the PMP as needed to reflect changes in the evaluation plan.
Additionally, the Portfolio Review during the final year of the CDCS must include a review of the cumulative achievements toward the DOs and IRs, with the results documented to support knowledge management.