Effective management of a software portfolio is a challenge that many companies ignore, avoid or fail to follow through because it is too hard. Many approaches to portfolio management get so complex that decisions fail to get made. In this hands-on tutorial we explore “barely sufficient” portfolio management and introduce a simulation game where participants make decisions about which investments a company makes. Participants will learn about product, project, and portfolio management issues tying decisions to strategy and purpose in order to optimize overall return.