Good practice for leadership teams in an organization is to first complete strategic planning and then determine the best portfolio of projects and other work that will enable them to achieve their strategy subject to the limits on people and other resources and the amount of risk they are willing to accept. One straightforward way to ensure they select, prioritize, and resource a good portfolio of projects is to use the matrices described here. The first is a project selection matrix. A blank project selection matrix is shown in Exhibit A2.1.
Project Selection Matrix
To choose ...