January 2025
Intermediate to advanced
368 pages
10h 4m
English
Content preview from Project Management ToolBox, 3rd Edition
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
2PROJECT SELECTION
This chapter is intended to help with the selection of projects based upon highest value to an organization. We describe a number of tools that can be added to a PM Toolbox which help to evaluate the value a project offers, the benefits it can deliver, and how well it aligns to business strategy. There are several tools that can be used to initiate a project so it is set up to run efficiently.
Most organizations have many more products, services, infrastructure solutions, or transformational change ideas than available resources to execute them. As a result, an organization must find a way to prioritize demands for its limited resources. Project selection techniques are used to identify and prioritize projects that best support attaining the enterprise business goals. Projects are ranked and prioritized based on a set of criteria that represent business value to the organization. Value in this context means something important or of worth. Senior management can then allocate available resources to the highest value and most strategically significant projects. This is sometimes referred to as resource capacity planning.
The outcome of projects must contribute to the long-term viability of the enterprise by delivering both short-term and long-term value. Project selection tools are designed to help with the selection of projects that will maximize the value of the investment made in a portfolio of projects. The mix of projects within a portfolio are in a state ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.