PROJECT SELECTION CRITERIA AND A HIGH LEVEL PROCESS/ TUTORIALOUTLET D PROJECT SELECTION CRITERIA AND A HIGH LEVEL PROCES

Project selection criteria and a high level process
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Part 1
First, develop project selection criteria and a high level process for
applying the criteria and managing the portfolio. The criteria should
be consistent with the business environment for the industry,
consistent with your company's overall mission/strategies, and
consistent with the mission and strategies of your strategic business
unit. You are proposing a process, not individual projects.
The deliverable for Part 1 is a written proposal for the project
selection criteria and a high level description of a proposed portfolio
management process. You may also be expected to make an informal
presentation of the report in class.
The proposal should be in the form of a memorandum to your Vice
President (your instructor) outlining your proposal. The memorandum
should be no more than 10 pages, including any figures and tables. It
should be double-spaced, 10 or 12 point font with one-inch margins.
This is a summary for an executive, so be concise, to the point, and
leave out the fluff. If you don't need 10 pages to document your
proposal fully, I am sure that your Vice President will be happy with
less as long as it is complete. Using appropriate grammar, spelling,
punctuation, and sentence structure will be part of your grade.
The actual proposal should include the following:
1. 1.
A description of the proposed portfolio process. You are
explaining it to the executives.
2. 2.
The reasons it was selected (tie to strategies as
appropriate.)
3. 3.
A description of the proposed selection criteria. How will
the process be applied in your SBU?