Optimisation of the decision-making process of investment in public projects through the use of practices of portfolio management

This article aims to explore the portfolio management tools and techniques that can assist policy makers to improve the quality of public spending. The researchers were motivated by Brazil being a country that provides one of the worst returns of taxes collected for the well-being of society [IBPT, (2013), p.2]. Several studies have shown the tools and techniques for portfolio management can improve the performance of organisations. The article was written in the form of a theoretical study, using descriptive and bibliographic research. The study sought to identify the best practices existing on portfolio management to describe a basic model that can be deployed in any public organisation.