Based on the book, Kerzner, H. (2017). Project Management: A systems approach to Planning, Scheduling, and Controlling (12th ed.). or in PMBOK 7th Edition, answer the below question: Which of the following provides the right phases of portfolio management?
1) Initiation, planning, execution and optimization
2) Initiation, planning, execution, and closing
3) Establishment, addition, planning, execution, and closing
4) Addition, planning, optimization, and closing