Rationalizing Your Project Portfolio

Delivering Strategic Benefits With Limited Resources

What should you prune?

© iStockphoto/LianeM

You've submitted the budget for the projects you’ll be working on for the next six months. But the head of your Strategic Program Office has just called to say that you just can’t do all of that!

Why? Well, it’s not because he's questioning the benefit of these projects – after all, the business case of each one has already been approved. The problem is that funds are limited and the portfolio as it stands needs more cash than you’ve got.

You now need to re-work your overall plan to reduce the costs by 15%. So how do you decide which projects to keep, and which ones to delay or abandon?

This article gives you a robust process for doing just that.

How to Use the Tool

Follow these steps to rationalize your project portfolio:

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