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Project Prioritisation and Portfolio Optimisation
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"We chose Xelocity as they demonstrated they understood our business and our existing systems better than anyone else."
Laminex
  

Project Prioritisation and Portfolio Optimisation
Overview
 
Project prioritisation and Portfolio Optimisation is a systematic and deliberate method for evaluating proposals for investment and in-flight projects to enable the achievement of organisational strategies and goals. It allows the four dimensions of strategic value, do-ability, investment and time to be considered when deciding on the projects that will create the optimum portfolio.
 
Such an evaluation enables your organistion to rank all proposed and in-flight projects by overall contribution and avoid scarce resources being deployed on the least valuable initiatives.

 
 
Why Project prioritisation and Portfolio Optimisation?
 
The reality that many organisations face, is that resources are constrained. To combat this organisations that have a well articulated strategy must ensure that:
  • Their projects are aligned with the strategy - doing the right projects
  • Projects with a higher contribution to strategic outcomes are prioritised over others
  • They maintain oversight of projects against strategic outcomes
  • Decisions to introduce or remove projetcs is based on a balanced consideration of the impacrt on generating value
Benefits of Project Prioritisation and Portfolio Optimisation
 
The primary benefits customer can expect to gain from engaging Xelocity to provide the services include having a:
  • Defined initial set of weighted criteria against which in-flight and new initiatives are evaluated
  • Consolidated view of all in-flight and proposed initiatives in support strategic documents
  • Prioritised list of all the initiatives with visibility of high-level assessment information
  • Established a self-sufficient capability and process
Delivering Value
 
Xelocity’s methodology provides a pragmatic 7 step process, supported by our Project Prioritisation and Optimisation (PPO™) tool,  that prioritises your projects, identifies gaps in realising the strategic outcomes and optimises your portfolio of projects.
 
7 Step process:
  1. Evaluation criteria
  2. Project inventory
  3. Needs inventory
  4. Resource constraints
  5. Prioritisation
  6. Optimisation
  7. Continual process
A typical Prioritisation and Optimisation engagement comprises three components:
  1. Determine the approach, scope and participants
  2. Evaluate, prioritise and optimise (step 1 to 6 of the process)
  3. Optionally, the establishment of capabilities and processes to sustain an optimised portfolio (step 7 of the process)