Prioritizing the IT Project Portfolio

Prioritizing the IT Project Portfolio





Prioritizing the IT Project Portfolio
Nina Peluso
CMGT 578
November 17, 2014
Katherine Leigh

Introduction
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.
Evaluation Criteria
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:
Profitability
Cuts costs of doing business/Total cost
Mandated by the law
Similar project from competitor
Vendors/Resources
Support
Risks
Time
Budget
Human Resources/Employees
Technology
Long term strategic functions
Scoring System
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
Score
Categorization

High
9
Exceptional

8
Outstanding

7
Excellent

Medium
6
Very Good

5
Good

4
Satisfactory

Low
3
Fair

2
Marginal

1
Poor

Project 1
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...

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