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Mastering Project Portfolio Management by Susan Bivins, Michael Bible

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7 Prioritizing Candidate Projects

7

Prioritizing Candidate Projects

Nothing is more difficult, and therefore more precious, than being able to decide.”

—Napoleon Bonaparte

Selecting projects for a portfolio from a long list of candidates can often be very difficult. Even though we’ve reduced the number of project possibilities to a manageable number through the pre-screening and screening process, difficult decisions still need to be made to evaluate anticipated benefits of each candidate project and begin the portfolio selection process. In this chapter, the candidate projects are prioritized by transferring the approved candidate project alignment matrix into the project portfolio evaluation model, identifying personnel to evaluate ...

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