Step 4 Select Work
Having evaluated all of the necessary work and the credible opportunities and initiatives, the next step is to produce a shorter list of portfolio components from the work done in the previous Steps. The prioritization of this list may almost be self evident, but Prioritization is a separate Step in PortfolioStep. At this point, for each of the components brought forward, you should have a Value Proposition document.
As a result of this Step you will end up with a list of categorized, evaluated and selected portfolio components, together with a set of recommendations for subsequent Steps. The question is, other than when you first introduce PortfolioStep, when should you assemble all of this data?
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335.1 Portfolio Work Selection Timing
335.2 Firm-Up Value Propositions
335.3 Create Business Cases
335.4 Review the Value Propositions and Business Cases
335.9 Techniquesportfolio management, project management, project office, PMO, project portfolio, project lifecycle management, project consulting, methodology development, quality management, project management training, portfolio training