Over the last several years, the NOAA Observing Systems Council has developed a systematic approach for managing NOAA’s observing systems portfolio. This presentation will introduce the governance structure, principles, policies, procedures and competencies used to manage its complex observation portfolio over the last few years. Important factors for the success of portfolio management are communicating its value, and initiating and directing dialogue with key decision makers in the Agency and with NOAA’s stakeholders. The presentation also provides a summary of challenges, opportunities and way ahead for how NOAA is implementing and evolving its portfolio management system. This will include tools, competencies and mechanisms that are needed to assist and facilitate the implementation of NOAA management of its observing systems portfolio. The presentation will communicate experience, best practices and bring challenges to sister agencies and partners to learn, share and help improve NOAA management process to better serve the public in the most efficient ways.