At EDDI15 the CESSDA Metadata Management (CMM) group presented the project which had just been started. One year later, the creation of the Metadata Portfolio Version1 is under way and considerations for the CMM Phase 2, and therefore the “next, evolved and adapted generation” of the Metadata Portfolio, are being made. This presentation will focus on the current status of the CMM Core Metadata Model Version 1. The authors will present the relevant interim results and highlight the broad use of DDI-Lifecycle within the model. The model takes into account the needs of resource discovery, the CESSDA Euro Question Bank, preservation, and multi-lingual items. The extension and adaptation of the Core Metadata Model for Phase 2 of the project is intended to meet further user needs (identified in Phase 1) and the requirement to coordinate the model with the DDI Moving Forward data model. Additionally, we intend to portray the ideas, prospects and challenges for this next, extended and amended version of the Core Metadata Model.