Putting It All Together
Every organization needs to define its own version of this birth and death process. Having done that the organization and the SMT can track the number of projects in each category. This is especially important in establishing the contents of each portfolio. Of specific interest will be the project prioritization category and the staffing of selected projects. Prioritization includes new projects, continuing projects, and postponed projects. Defining the rules for prioritization is not as easy as you might think. The three categories of projects are to be prioritized in a single list and they are very different types of projects.
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