Task: Select Components |
Triage the requests and components being considered for inclusion within the portfolio.
Purpose
To identify which components are worth pursuing and which are not.
Main Description
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 return on investment (ROI), internal rate of return (IRR), payback net present value (NPV) Cost versus benefit analysis Technical Architectural objectives Risk Sensitivity analysis Monte Carlo simulations
Properties
Multiple Occurrences |
Event Driven |
Ongoing |
Optional |
Planned |
Repeatable |
Key Considerations
Depending on the size and importance of the component, it might be necessary at this stage to expand the business justification into a complete business case.
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