Pompey have received recognition for their consistent form throughout February.
Kenny Jackett has been shortlisted for the Sky Bet League One Manager of the Month award, while Christian Burgess has been nominated for the Player of the Month prize.
The Blues began February by beating promotion rivals Sunderland on home soil, also enjoying victories over Tranmere, Shrewsbury, MK Dons and Rochdale.
Jackett is up against Fleetwood's Joey Barton, Coventry's Mark Robins and Oxford's Karl Robinson for the managerial honour.
Meanwhile, Burgess' fellow nominees are all strikers, with MK Dons' Rhys Healey, Rotherham's Freddie Ladapo and Oxford's Matty Taylor shortlisted.
The winner of both awards will be decided by an expert judging panel and announced on Friday morning.