Rank the Projects by Risk
If you’re working with other people to decide about the project portfolio for the organization, recognize what senior management needs to know: the risk of doing this project, what the project will provide, and whether the return outweighs the risk.
You may have seen risk/return decision matrixes like this before:
You’re not supposed to start the high-risk projects, because they’re too risky. You’re not supposed to start the low-return projects, because they don’t provide enough value to the organization. I have two questions: How are you supposed to know in advance? And is there a way to start some of those high-risk ...
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