Optimizing Portfolios: Key Evaluation Criteria PPT
This PPT slide, part of the 23-slide Project Portfolio Management PowerPoint presentation, outlines a framework for optimizing project portfolios based on 4 critical criteria. Each criterion serves as a lens through which projects can be evaluated to ensure alignment with organizational goals and effective resource allocation.
The first criterion, Business/Technology Strategy Fit, categorizes projects into 5 distinct classifications: Mandatory, Infrastructure “Refresh,” High, Medium, and Low. This classification helps prioritize projects based on their direct contribution to strategic objectives. It emphasizes the necessity for projects to align with established architectural directions and technical standards.
The second criterion, Opportunity Window, assesses the urgency of projects. It distinguishes between projects that can deliver benefits within 12 months and those that can yield benefits at any time within the next 3 years. This classification aids in identifying which projects should be prioritized based on their potential for immediate impact.
Value Delivery is the third criterion, focusing on establishing a standardized measure of economic value for each project. It highlights the importance of using consistent methodologies, such as NPV or IRR, to assess benefits and costs. The involvement of a Business Case Experts Team ensures that these assessments maintain a level of consistency across the portfolio.
Lastly, Project Risk evaluates potential risks associated with each project. This includes factors such as project duration, dependencies, technical challenges, and the level of buy-in required from senior management. By calculating a risk score, organizations can better understand the challenges they may face in executing specific projects.
Together, these criteria provide a comprehensive approach to project portfolio management, enabling organizations to make informed decisions that align with their strategic objectives.
This slide is part of the Project Portfolio Management PowerPoint presentation.
The fundamental objectives of PPM is the optimal resource mix and scheduling that best aligns operational and financial goals.
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Project Management Project Risk Business Case Portfolio Management
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