Considerations for Selecting the Initial Portfolio
As discovered in the previous chapter, prioritizing projects is necessary to determine the relative anticipated benefit of each project with respect to the goal, thus establishing the priorities of all candidate projects under consideration for the portfolio. Establishing relative priorities is a key step in the process; yet organizations cannot rely solely on a list of prioritized projects to derive project portfolios by selecting from the top down until funds run out. As will be seen, there are other considerations. However, the prioritized list is the primary input to the next step in the PPM selection phase, selecting an initial ...