Understand why organizations need to have objective and consistent means by which competing ideas and proposals can be evaluated, and their relative priority determined.
It makes good business sense to align your project investments with your business strategy.However, it is not only possible but also far too common for a portfolio to contain projects that are largely irrelevant to your organization’s future strategy and direction. These projects may be promoted, approved and actioned while future-critical projects are stalled due to a lack of resources (funds, people, commitment, etc.)
There will always be more potential projects than the organization’s capacity to resource or even implement them. Therefore organizations need to have objective and consistent means by which competing ideas and proposals can be evaluated and their relative priority determined.
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