Final answer:
The problem that is NOT associated with the absence of a project portfolio system is lack of funding.
Step-by-step explanation:
The problem that is NOT associated with the absence of a project portfolio system is Lack of funding. While the other options, such as Organizational Politics, Multitasking, and Implementation gap, can all be challenges that arise without a project portfolio system, the lack of funding is not directly related to the absence of such a system.