Not every project deserves to exist. Unfortunately, less-deserving projects may be taking up valuable resources anyway. The cure is an organized approach to Project Selection. This bundle provides templates and guidelines to explain the benefits and provide tools for proposing project ideas with a business focus, evaluating ideas using different strategic criteria, and selecting the projects that really should make the cut.
You need this bundle if:
There are way too many projects going on in your organization and someone needs to get better at making their minds up as to what really matters!
New projects seem to come out of nowhere, disrupting other work and making it hard for anything to finish successfully; a more orderly approach to starting projects is needed.
Projects get started on one person's or one group's whim, and a more objective, thorough and consistent way to evaluate and approve (or kill) project ideas is needed.
Business-critical projects seem to be getting deprived of resources or attention by seemingly less-important projects — a better sense of priority is obviously needed.
Included in this bundle:
Introduction to Project Portfolio Management An overview of Project Portfolio Management, introducing the concepts and processes that allow an organization to link its vision, strategy and objectives to launching and managing a carefully-selected set of projects that meet those objectives.
Portfolio Data Collection Letter Before trying to select the best set of projects for your resources going forward, find out what's already underway. Example letter for soliciting input for a comprehensive list of the work currently underway or proposed in an organization. Helps a company establish a project portfolio management process or perform a "physical inventory" on a current portfolio.
New Project Proposal Templates for creating a brief description of a new project idea, typically used as input to a portfolio planning and project selection process. The goal is to not only capture good ideas for new projects, but also to provide a crisp and consistent format that allows new project ideas to be rapidly and systematically compared with projects already in the start queue or in operation, to help decide which projects to select and launch, when and why.
Opportunity Screening Worksheet A detailed worksheet useful for determining if an idea is worth enough to the company to commission a product development project. Can be used to identify the important issues in making that decision and then evaluate those factors for each new proposed project.
Setting Strategic Project Selection Criteria Presents typical strategic categories of project selection criteria, and a guideline for using these categories to screen candidate projects for your organization's portfolio. Designed for use with our companion Strategic Project Prioritization Worksheet.
Strategic Project Prioritization Worksheet An Excel template for analyzing and ranking project candidates under consideration for inclusion in a project portfolio. Rankings are based on the degree to which each project contributes to the organization's overall goals and related strategies and can be used for project selection decisions.
Scored and Ranked Project List A format for creating a scored and ranked project list to aid in the process of project prioritization for portfolio management and resource allocation.
Project Charter Once your project idea has been evaluated and approved for further investigation, you need to communicate the major parameters and high-level information. This template for a succinct project charter helps you summarize that critical information.