Consistently making strategic project decisions

Plans are most often delayed or fail due to factors beyond the specific projects themselves. Ensure poor decision making skills are not to blame.One of the most challenging issues associated with portfolio management involves the decision process to select the projects upon which to work. One of the most challenging issues associated with project management involves the approach you use to make everyday project decisions. The core decision-making process is the same. I often observe new product development programs that have too few new product opportunities in development. I occasionally observe companies with highly active new product functions that produce new products at a feverish pace. Unfortunately, many of the products make little or no strategic contribution. I also observe project decisions being made and revisited days later because of poorly defined criteria.What is required is a more robust approach to making decisions. An important premise is that making decisions is a skill that can be made muc
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