Narrated copy of "Project Portfolio Selection" presentation made to the PMI Symposium 2008 in Ottawa. Puts forward a scoring model for selecting projects which are best aligned against organizational strategies and goals.
Can be downloaded and listened to.
14. Ensure the business achieved the expected benefitsMost organizations have more “good ideas” than they have resources to deliver on Focus on “doing the right projects”
44. Project Alignment Process Portfolio selection follows a 7 step process Identification Categorization Evaluation Selection Prioritization Portfolio Balancing Authorization
45. As New Initiatives Are Raised Identification – someone has gone through the business requirements and developed a business case. Decision made on which option to select Categorization – in some organizations, budgets will have specific “categories” that need to be balanced (e.g. infrastructure, research and development, employee development) Evaluation –collect the information required to do selection / prioritization Selection – some projects may not meet required qualifications, be mandatory, or customer / contract driven