Portfolios would be allocated by Saturday after consulting former chief minister Manohar Parrikar, Parsekar said here today.
Parsekar was inducted as chief minister last Saturday after Parrikar took over as the new Union Defence Minister.
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Nine others were also sworn in as ministers.
The government is yet to fill two more posts to make the entire cabinet of 12 ministers.
He said that he would retain majority of portfolios which were with his predecessor.
"All the portfolios which are crucial for functioning of the chief minister will be retained by me," he said, adding, he would decentralise the entire functioning of the government.
"I will not interfere in the functioning of their (ministers) ministries. They will have all right to function the way they want. I will be just guiding them," Parsekar said, hinting at Parrikar's style of working, who was accused of wielding control over all the ministries.