Component selection is the most effective mechanism within the portfolio cycle
to narrow the funnel and eliminate the ideas that cannot be self-sustained
or demonstrate enough value.
Conclude the initial triage of all components being considered for
inclusion within the portfolio. Compare all components within a given work
pipeline against the predefined portfolio metrics, measurements, and thresholds
to identify which components meet all of the required parameters and add value
to the portfolio.
These are examples of portfolio metrics, measurements, and targets:
-
Business alignment
-
Strategic fit
- Multiple-criteria scoring models
-
Capacity constraints
-
Financial
-
Technical
-
Risk
-
Sensitivity analysis
- Monte Carlo simulations
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