Every organization should develop a portfolio management framework that fits its business and includes the following elements:
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Every organization should develop a portfolio management framework that fits its business and includes the following elements:
1. a project review board,
2. structured, consistent collection and analysis of new project ideas,
3. a method for prioritizing and selecting new project ideas,
4. a strategic roadmap,
5. a life cycle with funding gates,
6. a method for monitoring the execution of the strategic roadmap,
7. links to budgeting cycle and enterprise risk management,
8. benefits tracking.
Discuss at least five of these elements?
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