Manage Your Project Portfolio, 2nd Edition

Review Your Decisions

As you conduct the portfolio evaluation, make sure you have a decision about each project: commit, kill, or transform. If you haven’t made a decision about each and every project, you’re not done.

Managing the project portfolio isn’t difficult at all when you’re using an agile life cycle. It’s close to impossible with a waterfall, and it varies with the length of the project if you’re using an iterative or incremental life cycle. If you can’t use an agile life cycle, keep your projects to no more than six months in duration so you can iterate on the portfolio at least twice a year.

It might help to take a look at the decision flow ​here​.

Once you’re done with the evaluation part of the meeting, you can rerank the ...