Should We Do This Project at All?

Before you try to decide where each project fits in the portfolio, ask, “Should we do this project at all?” If the answer is no, take the project off the list. If the answer is yes, select a way or ways to rank order the projects in the portfolio. Take the time to ask this simple question of each and every project in your portfolio.

You may not feel as if you have the right to ask this question. You do.

If you’re a first-level manager in terms of influence, you have intimate knowledge of the project and the product it will create or extend. You know about the strategic importance of this project with respect to the product. If you’re a middle manager, you can see all the initiatives and can consider the ...

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