Question: in a 500 words explain this statement : Implementation of projects without a strong priority system linked to strategy creates problems. Explain how project portfolio
in a 500 words explain this statement : Implementation of projects without a strong priority system linked to strategy creates problems. Explain how project portfolio system can go a long way to reduce, or even eliminate the impact of these problems? Implementation of projects without a strong priority system linked to strategy creates problems. Explain how project portfolio system can go a long way to reduce, or even eliminate the impact of these problems? and provide how it is a bridge / and how it allocates resources using tools and frameworks plus add the benefits 1. Builds discipline into project selection process. 2. Links project selection to strategic metrics. 3. Prioritizes project proposals across a common set of criteria, rather than on politics or emotion. 4. Allocates resources to projects that align with strategic direction. 5. Balances risk across all projects. 6. Justifies killing projects that do not support the organization strategy. 7. Improves communication and supports agreement on project goals
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