Damian PereraMonitoring & Evaluation Specialist| ChrysalisMellawagedara, Western Province, Sri Lanka
Is there a specific process when selecting a project as part of portfolio management? If yes, what are the steps of portfolio management process to select a project? Saving Changes...
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Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
This can be handled with an established intake process. A few things to consider; does it belong within that specific portfolio, has Enterprise Architecture and if need be, Compliance or Legal, been involved, are there existing capabilities to leverage or a similar initiative, and what is the business justification and value? Saving Changes...
The process might vary across companies and industries, but the overall goal is to select projects that support the strategy/objectives of the company. Saving Changes...
Assuming the organization has a policy and standards for project investments, then yes, there would usually be a standard intake process to ensure that the appropriate governance body reviews and approves such spend.
The specific criteria used for portfolio component selection will vary based on the company, its strategic objectives, organizational PM maturity and the nature of its portfolios.
That would depend on the organizational project management framework in place, and as my colleagues mentioned here, that will vary across organizations. Saving Changes...
Damian PereraMonitoring & Evaluation Specialist| ChrysalisMellawagedara, Western Province, Sri Lanka
Thank you so much for all your responses. Saving Changes...
