Prioritizing the IT Project Portfolio
November 17, 2014
Any organization has a portfolio that defines the projects that they face in their organization. The prioritizing project process “aims to analyze the current operational environment” (MyMG, 2014). The analysis deals with the projects that are current running in the organization through the different criteria that will express the projects ranks. Each project will be discussed, scored, and ranked with the importance to the organization.
There are many potential projects that the organization will consider. These projects will be evaluated against different criteria that are important to the organization. Each criterion is different depending on the organization. The evaluation criterion is seen in the following list:
Cuts costs of doing business/Total cost
Mandated by the law
Similar project from competitor
Long term strategic functions
The scoring system of the evaluation criterion depends on what works for each organization. The list of criteria will be scored to represent the strength each one ranks within the portfolio in the organization. There are many scoring systems that can be used, but it should be based on the organization’s understanding of the criterion and what is important to move forward. The following is the scoring system that will be used with the projects in this paper:
Overall Impact or Criterion Strength
The first project in this portfolio is the ability to “Create a new e-commerce website for the company”. E-Commerce is a fast growing aspect of the retail industry. This aspect is...