To select a life cycle for the portfolio.
- From the In Portfolios step, click Next. The Life Cycle step of the New Portfolio Wizard appears.
- In the Life Cycle field, from the drop-down list, select the life cycle for the new portfolio from the list of available life cycles. The phases of the life cycle appear in the Phases area, and the description of the life cycle appears in the Description area.
Note: One of the options in the drop-down list is New Life Cycle. Select this option to access the New Life Cycle Wizard in order to create a new life cycle. For more information on using the New Life Cycle Wizard, refer to Adding Life Cycle Phases.
- Click Next to proceed to the next step of the New Portfolio Wizard, where you define the portfolio's security permissions.