Software evolution is an essential concept underlying the engineering of corporate portals. Due to the complexity of such systems, it requires great effort and is not advisable to design and implement a feature-complete corporate solution. The concept of evolutionary portal development helps portal engineers to cope with design complexity. While the technical perspective on component based software development and evolution is widely discussed, little work addresses the actual management of software evolution, let alone in the portal engineering context. In this paper we focus on the management of portal evolution. On the basis of a portal engineering process model we discuss methods and practices that facilitate the management of portal evolution cycles. We further outline the evolution management procedure and tools that we have established for the corporate financial portal at Bayer and point out key lessons we have learned so far.