All servicesStrategy and portfolio priorities.
Compare competing investment proposals against available funding and management capacity, then record which to fund, revise, defer or close.
An initiative can have an approved budget and still wait for the people or systems it needs. Wert Group reviews existing projects and new proposals together, including commitments that already consume management time. The comparison covers business objectives, remaining costs, dependencies, and the capacity available to carry out the work.
The recommendation gives management a funding and sequencing choice for each initiative: continue, revise, defer, or close. It explains which other projects that choice affects. For proposals ready to proceed, the implementation plan assigns responsibility and specifies when changes in cost, capacity, or assumptions require another review.
What the work covers.
- Collect current initiatives and proposed investments into one portfolio
- Review objectives, cost assumptions, dependencies and delivery capacity
- Define the criteria used to compare competing proposals
- Prepare the options and recommendations for the decision-making group
- Turn the selected priorities into owners and review requirements
Portfolio recommendations and review records.
- Initiative portfolio with comparable descriptions
- Assessment criteria and supporting assumptions
- Written recommendations on funding, deferral or closure
- Resource and dependency summary
- Decision record and portfolio review schedule
Where the work stops.
Management keeps authority over budgets and investment decisions. Any financial forecast depends on the records and assumptions provided. A portfolio review does not guarantee a commercial return.
What to bring to a first discussion.
- The business objectives and the decisions the review must support
- Current project proposals, budgets and resource commitments
- The people with authority to decide funding and priorities