what are the benefits of a portfolio

The Advantages of a Portfolio

• Personal Reflection. Portfolios permit students, and those using a portfolio for professional purposes, to keep track of...
• Provides Multi-faceted Information. Portfolios provide legitimate work product that cannot be seen or evaluated with...
• Inexpensive and Easy. Portfolios can be time-consuming to put together, but they are often...

Full Answer

What is the importance of having a portfolio?

What Are the Benefits of Having an Investment Portfolio?

• Diversification. Having an investment portfolio in and of itself is not necessarily beneficial. ...
• Potential. Without an investment portfolio, an individual may be unprepared for some of the major milestones in life.
• Income. ...
• Liquidity. ...

Why is a portfolio important for your career?

• Your resume or professional bio
• Letters of recommendation
• Client feedback, letters, or emails
• Awards and recognitions
• List of trainings and courses completed
• Work samples
• Project outlines or write-ups
• A list of key accomplishments

What should a portfolio include?

Yet a recent paper by a group of academics argues that model portfolios are plagued by conflicts of interest, with model providers often favoring their own exchange-traded funds (ETFs) with little regard to performance. Asset managers provide many of the model investment portfolios and may benefit from increased cash flows to their funds.

What to have in a portfolio?

• Investment goal: You might be investing for capital appreciation (growth of the investment over time) or income, for example. ...
• Risk tolerance: Risk refers to the potential to lose the money you invest. Assets that carry greater returns also tend to come with greater risk. ...
• Time horizon: This is the period over which you plan to invest. ...

Why is a portfolio important?

It presents evidence of your relevant skills and abilities. Portfolios are also helpful for independent contractors, consultants, or business owners who need to provide work samples to potential clients. Outside of a job or client search, archiving samples of your work to a portfolio is a great way to keep track of your accomplishments ...

Why do we use portfolios?

When and why do you use portfolios? Portfolios are a great way to demonstrate the competencies you would list on a resume or talk about in an interview — they allow you to show and not just tell . During a job search, the portfolio showcases your work to potential employers.

What is a portfolio?

A portfolio is a compilation of work samples and professional documentation that provides proof of your accomplishments or samples of your work. It can be a physical book or binder that organizes samples of your work, or an online portfolio with electronic files.

What to use for a hard copy portfolio?

For hard-copy portfolios, you can use anything from a simple three-ring binder to a professional, leather-bound padfolio. It’s best to organize your physical portfolio into tabbed sections that demonstrate different key competencies or showcase your work by type or topic.

What professions use portfolios?

Certain professions typically use portfolios to showcase their work. Artists, interior designers, cake decorators, graphic designers, writers, teachers, architects, and others in visual professions have been documenting their work in portfolios for years. Today, any professional in any industry can and should consider starting a portfolio.

Is LinkedIn a good portfolio?

If you want to be found by employers, using LinkedIn as an electronic portfolio could be a good option. LinkedIn often shows high up in online searches which is helpful in building your online brand. At Capella, certain degree programs (including our online MBA) incorporate or require the use of an ePortfolio platform.

1. Create strategic alignment

There are loads of reasons why portfolio management is an important solution for your business, but the most commonly identified benefit is the strategic alignment it offers.

2. Establish realistic operational budgets

Portfolio management gives you a complete view of the strategic and tactical work planned for the business. That makes it a lot easier to prepare realistic operational budgets, because you know what changes are coming.

3. Shift resources to where they are needed

Projects don’t always go to plan, and often, it’s an external event that causes a project to stall. Perhaps a supplier has difficulty sourcing a component due to a global shortage, or world events mean that it’s prudent to put a project on hold for a while.

4. Monitor investments

Portfolio management tools manage work and resource planning and also have financial and performance modules to help monitor investment.

5. Establish standard procedures

Standard procedures help streamline the way work is done. Portfolio management tools give you a standard approach to initiating projects, tracking the work and reviewing the whole portfolio.

Job Placement

The most obvious reason for a career portfolio is to help you land in your career of choice. In interviews, your portfolio shows potential employers the proof of you skills, education, work experience, references, career goals, and works in progress.

Display Progress

A portfolio will help to self-evaluate where you've been and where you would like to go regarding your career. By organizing your work progress, employment history and skills, planning future steps and goals becomes easier. You may even use your career portfolio to provide evidence needed to receive a business loan.

Higher Salary and Advancement

Most companies check their employees' progress periodically, and that's when a career portfolio can be an advancement tool. You can showcase the successes and strides you've made within the organization, referrals and compliments from company employees, the hours you've put in, and all work experience.

Why is it important to have a portfolio?

The benefit of having a professional portfolio is that potential clients or employers can see a clear picture of your growth over time, in addition to the snapshot that a resume provides. The portfolio takes a potential client or employer deeper, so they can actually feel and visualize what it's like to work with you, creatively and professionally, and then lets them experience your results. - Kiran Gaind , The Connected Family

What is the benefit of having a professional portfolio?

A portfolio allows others to see your work, what you're capable of and what your strengths are. This helps others see how you fit in their vision, company or product. It also shows that you are multidimensional and that you are objective, motivated and inspirational. - Frances McIntosh , Intentional Coaching LLC

Why is a professional portfolio important?

A professional portfolio provides a glimpse of your body of work, requires less reading and renders a more visually appealing experience. Because people tend to identify more closely with products they have experienced, the connection yields more favorable consumer attitudes and purchasing decisions. - Dr. Shekina Farr Moore , Eroom Marketing Group

What is a professional portfolio?

Professional portfolios creatively showcase the narrative and arc of your entire professional career, illuminating both your accomplishments over time as well as your desired contributions and forecast potential. When created with intention, portfolios can weave together your core values, strengths, and talents in an integrated way with your experience, education and passion projects. - Tonyalynne Wildhaber , The Courage Practice

What is the beauty of a portfolio?

The beauty of a portfolio is its ability to allow a professional to showcase his body of work in any format they feel will serve them best. This can be through white papers, presentations, YouTube videos or podcasts, for instance. There is no limit to highlighting your work.

What is the goal of ePortfolio?

One of the primary goals of any eLearning tool is to assess performance. Without regular assessment, ePortfolios will fail to provide their potential benefits to the organization. Create tools to determine validity, reliability, fairness and flexibility. Moreover, create a social learning environment.

What is an ePortfolio training?

A training ePortfolio is much more than a list or a number. It is a detailed description of learning that has taken place. It is a reflection on practice and a reflective practice in itself. It is a recollection of experience and performance. It defines the strengths and weakness of the employee.

What does it mean when trainees are asked to create their own ePortfolio?

When trainees are requested to create their own ePortfolios, they gain a broader sense of what they have learned and towards which goals it can help. They can see their learning achievements. Attwell (2005) has put together seven benefits of ePortfolios for eLearners:

How does portfolio management help organizations?

Project portfolio management benefits vary, yet very helpful to an organization. Companies need to be aware of this in order to understand what project portfolio management is conveying . It eschews traditional project management; projects are less vulnerable to risks and they have a greater chance of success if portfolio management is at play. Sure project management is still an important discipline, but for project portfolio management, organizations are able to expedite their projects, create accurate data, and detect redundant projects.

Why is project portfolio management important?

Because it helps project organization and resource utilization, project portfolio management increases the rate of success by helping the teams identify redundant projects and minimize the chances of risks.

What happens if you fail to see portfolio management?

With portfolio management, it’s easier to identify which projects must go.

What are the risks of project portfolio management?

Risks in project portfolio management come in various forms: governance, resource management, and financial. These factors should be considered when analyzing the harmful risks that affect your project; assess every angle and from there, use project portfolio management to your advantage. Once that you execute it, ...

Why is collaboration important in a project?

This is made possible by project portfolio management. With that being said, there is a transparency among team members and the tasks assigned to them. Not to mention everyone can decide which projects should be put on hold and which ones should be on the priority list. It’s a team effort with equal weight on the project’s operation, procedure, and tasks. Additionally, there will be no issues in terms of information dissemination; everyone is informed and aware of what exactly is going on with a particular project.

Is project management still important?

Sure project management is still an important discipline , but for project portfolio management, organizations are able to expedite their projects, create accurate data, and detect redundant projects.

What is an ePortfolio?

An ePortfolio, which stands for “electronic portfolio”, is very much like a traditional resume, only better. The difference between the two is that ePortfolios can give you the ability to display different forms of media and therefore, more concrete examples of who you are and why you’d be a perfect fit for your desired position.

The benefits of ePortfolios

The benefits of being able to show administrators and future employers, more about who you are and what you’ve accomplished are pretty self-explanatory. More often than not, employers will base their entire idea about who you are and whether or not you’d be a good fit for the position, just from taking a look at our resume. But times are changing.

What every great ePortfolio should include

ePortfolios can essentially include anything your heart desires. It should be a creative display of all the things you want others to know about you. But there are some suggestions and guidelines you can follow if you’re not sure what to include. Here they are.

Why is it important to have a portfolio?

Wise investing can help an individual not only to guard his initial investment but also grow that capital to levels that it would not otherwise have attained.

What is the importance of investing in a portfolio?

By having an investment portfolio, an investor can not only invest to guard his capital but also position the portfolio to potentially earn sizable profits so that he is prepared for events such as funding a college education.

What is liquidity in investing?

Liquidity. An investor who chooses to direct capital into the financial markets as opposed to other investment choices, such as real estate, is likely to be able to access that money in a timely manner when needed. Unlike real estate, equities or fixed-income instruments can be easily traded based on supply and demand.

Why is diversification important?

Diversification into multiple asset classes will help to protect an investor's capital in the event that one segment of the financial markets does not perform well.

Is diversification beneficial?

Diversification. Having an investment portfolio in and of itself is not necessarily beneficial. An investor needs to allocate capital in a prudent way in order to reap the benefits of having exposure to the financial markets.

Why are portfolios important?

Numerous work samples can show students moving from basic to advanced skills, demonstrating continued learning growth. Because assessment portfolios are individualized, students and teachers have the opportunity to choose the documents they want to include in the portfolio and to make decisions about how to improve the student's work.

What is a portfolio?

Portfolios are collections of student activities, accomplishments and achievements to demonstrate growth over time, offering an alternative authentic assessment for students and teachers. Working portfolios contain works in process as well as finished works. Display portfolios showcases students’ best work and assessment portfolios demonstrate ...

Why do colleges require portfolios?

Because high school graduation is contingent on mastery of essential elements of the curriculum, portfolios can give students an alternate avenue to show documentation of skills. In addition, many colleges and employers request portfolios to see if students have basic skills, problem solving and collaborative work skills.

What is an assessment portfolio?

Assessment portfolios require students to continuously reflect and perform self-evaluations of their work. Teachers should convey to students the purpose of the portfolio, what constitutes quality work and how the portfolio is graded. As students judge their work using explicit criteria to identify strengths and weaknesses, they are monitoring their own progress. According to the article, “Student Self-Evaluation: What Research Says And What Practice Shows,” by Carol Rolheiser and John A. Ross, students who participate in self-evaluations are motivated, have a positive outlook and develop cognitive skills.