Manage your projects effectively with our Project Portfolio Management Template, designed for strategic alignment, risk assessment, resource allocation, and tracking.
1
Identify projects for inclusion in portfolio
2
Evaluate project viability
3
Enter project details into the portfolio template
4
Check alignment of project with strategic goals
5
Calculate project costs and benefits
6
Assess project risks
7
Approval: Project Risk Assessment
8
Prioritize projects based on necessary criteria
9
Define project timelines and milestones
10
Allocate resources to projects
11
Approval: Resource Allocation
12
Publish initial version of project portfolio
13
Communicate portfolio details to stakeholders
14
Track and update project status regularly
15
Review and adjust the portfolio based on project progress
16
Approval: Portfolio Adjustment
17
Prepare regular portfolio status reports
18
Approval: Status Report
19
Archive completed projects
20
Update portfolio template for future use
Identify projects for inclusion in portfolio
This task involves identifying potential projects that can be included in the project portfolio. The main goal is to select projects that align with the organization's strategic goals and have potential benefits. Consider the project's scope, objectives, and estimated resources required. Who will be involved in this process? Are there any specific criteria or guidelines to follow for selecting projects?
1
Internal team
2
External stakeholders
3
Management
1
Research and Development
2
Marketing
3
Operations
4
Finance
5
Information Technology
Evaluate project viability
Enter project details into the portfolio template
Check alignment of project with strategic goals
Calculate project costs and benefits
Assess project risks
Approval: Project Risk Assessment
Will be submitted for approval:
Assess project risks
Will be submitted
Prioritize projects based on necessary criteria
Define project timelines and milestones
Allocate resources to projects
Approval: Resource Allocation
Will be submitted for approval:
Allocate resources to projects
Will be submitted
Publish initial version of project portfolio
Communicate portfolio details to stakeholders
Track and update project status regularly
Review and adjust the portfolio based on project progress
Approval: Portfolio Adjustment
Will be submitted for approval:
Review and adjust the portfolio based on project progress
