Effective Project Portfolio Management Process

1. Collect current project portfolio information.
2. Collect goal, asset, and resource portfolio information.
3. Measurably link project, goal, asset, and resource portfolios and assess.
4. Determine if the project portfolio is balanced correctly.
5. Determine the organization’s project capacity.
6. Develop and gain consensus on prioritization criteria and perform initial prioritization.
7. Develop recommendations relative to improving the portfolio ROI.
8. Prepare for and facilitate the Governance Meeting.