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Optimise and balance the project portfolio

In: Project Portfolio Management

Author

Listed:
  • Shan Rajegopal
  • Philip McGuin
  • James Waller

Abstract

Optimisation is the tactical step of balancing resource requirements with resource demand and ensuring that authorised project work is specifically linked to the strategic goals of the organisation. The result of the optimisation process is a prioritised list of projects, with authorised assignment of resources to specific project work. The primary focus is on consciously aligning project work with business strategies using fact based information and good business sense. The ultimate goal is to accomplish the business strategies.

Suggested Citation

  • Shan Rajegopal & Philip McGuin & James Waller, 2007. "Optimise and balance the project portfolio," Palgrave Macmillan Books, in: Project Portfolio Management, chapter 10, pages 185-196, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-20649-6_10
    DOI: 10.1057/9780230206496_10
    as

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