Project Portfolio Management Process

• Identify opportunities and needs
• Select which projects to undertake
• Select projects to terminate or put on hold
• Establish project priorities
• Evaluate effect on revenue and cash flow
• Align projects with strategic objectives
• Evaluate values and benefits to business
• Determine if the benefits exceed the risk
• Ascertain the net effect of all projects benefiting business
• Examine the portfolio in terms of maintenance, opportunities, and competitive edge