Manage Your Project Portfolio, 2nd Edition

Never Rank Alone

It’s difficult to decide which work is most valuable and should be done first. If you try making all the decisions yourself, you’ll likely be wrong about something. Murphy’s law says you’ll be wrong at the worst possible time. You’ll achieve the best results by collaborating across the organization to rank the portfolio with your peers so you can make decisions for the organization, not just for yourself. See The Wisdom of Team: Creating the High-Performance Organization [KS99] and Wisdom of Crowds [Sur05].

Even if you are the CEO, bring in your senior management so they understand why you rank projects the way you do. If you’re not the CEO, collaborate with your management team to ensure you can finish the projects that encompass ...