Manage Your Project Portfolio, 2nd Edition

Conduct a Portfolio Evaluation Meeting

When you evaluate the portfolio, you’ll hold a special meeting. In the past, you might have called this a management review or a project status review. Mny people have worked in organizations where management review means the dog-and-pony show for serial life cycles, so I prefer to call these meetings portfolio evaluation meetings, because that’s what they are.

You have just one goal for a portfolio evaluation meeting: to rank each project. In order to do that, you’ll decide for each project whether you should commit to the project, kill the project, or transform the project in some way. You do not have a goal of solving project problems. Your job is to facilitate the decision about the project’s future. ...