Portfolio management: deciding which projects get funded
Process map by Brian. 16 steps, 2 layers. Tags: project management, portfolio, strategy.
- Executives: Set the strategy and the budget for the year
- Project sponsors: Submit project proposals
- Portfolio office: Score each one for value, risk, cost and strategic fit
- Portfolio office: Rank them
- Executives: Fit the ranked list into the budget and the capacity
- Executives: Is the proposal funded?
- Delivery teams: Start the work
- Portfolio office: Review the portfolio every quarter
- Portfolio office: Is each project still delivering value?
- Delivery teams: Continue and report
- Executives: Stop it and redirect the money
- Project sponsors: Defer it, rework it or stop