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Streamlining the PMO - Develop Project Prioritization Methodology
September 24, 2008 | Author: PM Hut | Filed under: Project Management Office
Streamlining the PMO - Develop Project Prioritization Methodology
By Michael Wood
Below are the areas to consider when developing the project prioritization methodology.
- Urgency - When must this initiative be complete?
- Alignment – How well does this initiative supports the Organization’s Goals and Objectives?
- Productivity – How much will this initiative increase productivity?
- Cost Savings – How much cost will this initiative save over the next 3 years?
- Income Increases – How much with this initiative increase income?
- Morale – What is this initiatives morale improvement potential?
- Time To Complete – How long will it take to complete this initiative once started?
- Competitive Position – How will this initiative improve competitive position?
- Customer Service Levels – How will this initiative improve customer service levels?
Michael Wood is the Subject Matter Expert on IT Strategy and Business Process Improvement for www.gantthead.com. His “Helix Factor” book series presents a comprehensive Business Process Improvement methodology that has been used successfully since the early 1980s to help organizations achieve breakthrough results. Michael is a CPA and has served as an adjunct professor for Pepperdine and Cal Lutheran universities in Southern California. In addition he has led workshops on Business Process Improvement, Strategic Planning and System Design on a national and international basis.
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