The following are key phrases used in P5.express, and it's best to decide how to translate each of these before starting the work. Phrases marked with "*" exist exactly or approximately in P3.express, and their translation in P5.express should match that of P3.express.

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minimalist portfolio management system*

project
program
portfolio
portfolio of programs and projects

Value / Valuable
benefit
investment

cycle
	6-Monthly Cycle
	Monthly Cycle
	Daily Cycle

node (of diagram)*
management activity*
	X1 - Evaluate the generated Value
	X2 - Optimize the Value generation strategy
	X3 - Conduct a focused communication*

	Y1 - Evaluate portfolio stakeholder satisfaction*
	Y2 - Evaluate the ongoing programs and projects
	Y3 - Plan improvements*
	Y4 - Conduct a focused communication*

	Z1 - Manage follow-up items
	Z2 - Start, stop, or pause programs and projects
	Z3 - Balance resources

portfolio board / portfolio board member
	core members
	proxy members

portfolio manager
custodian*
program sponsor / project sponsor

documents
	Portfolio Description*
	Value Generation Matrix
	Global Follow-Up Register*
		follow-up item
	Global Health Register*
	Business Cases*

tailoring

Delphi technique*
Planning Poker

absolute justification
relative justification

Value categories specific to the organization
general Value categories
	continuity
		sustainer
		diversifier
	return on investment timeframe
		short-term
		medium-term
		long-term
	overall risk

balancing horizon