Project Prioritization
What to do and What NOT to do?
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Project prioritization is the foundation for successfully implementing projects. Projects get aligned to the Technology Solutions Business Strategy during this step. It is the first, crucial step in building a strong and balanced project portfolio.
Project prioritization is where you:
- align your projects with your strategy
- quantify which projects add value and which don’t
- balance the volume of projects you take on with your capability to deliver those projects
- focus your whole project delivery team on business benefits
Prioritizing the projects helps PPMO and in turn, Technology Solutions to:
- Win Executive Support and Sponsorship for each and every effort that we are working on
- Quickly identify and eliminate projects that might become obsolete
- Reduce the risk of project failure and, in the end, reduced probability of missed business goals
- Better Resource Allocation and Efficient In-Project Decisions