Five Uses of a Prioritization Scoring Model

Project prioritization is one of the most common topics in portfolio management literature. Within the context of project prioritization is the matter of scoring models because scoring models are the most widely used approach to prioritize projects. Although there are a lot of opinions on the effectiveness of common scoring models,

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The Purpose and Goal of Prioritization

Prioritization is about focus—where to assign resources and when to start the work. It is not about scoring methods and ranking mechanisms. Without defining project priorities, it is difficult to effectively distribute personnel to carry out the highest valued projects. Project priorities enable management to assign their employees to the most

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Dangers of Relying on Purely Financial Methods when Prioritizing Your Projects

There are many different approaches to project prioritization, but the most popular ones are the financial method and the scoring model. In this posting let us examine the financial methodology. In…

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Seven Steps to a Successful Project Portfolio Management Implementation

A question that I get asked fairly frequently during my consulting or training engagements sounds something like this: We have heard about this “project portfolio management methodology” … How valuable…

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