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Representative POMs are described for Methods to Rank, Rate, and Select Project Portfolio Components at each level of maturity.

1Initial

• Practice

  Rely on PPM staff expertise.

  Outcome

  Staff quickly puts in place a practice to rate and rank and aid in the selection of project portfolio components.

  Metric

  Number of staff with expertise in project portfolio component ranking and rating.

• Practice

  Leverage professional networks and emulate successes.

  Outcome

  Staff quickly puts in place a known working practice of rating and ranking to aid the selection of project portfolio components.

  Metric

  Number of approaches or methods adapted from networking sources that have been applied to project portfolio component ranking and rating.

2Basic

• Practice

  Develop ranking and rating methods for financial and market share contributions.

  Outcome

  Identify or develop methods to rate and rank project portfolio component financial and market contributions to aid selection of project portfolio components.

  Metric

  Number of methods available for ranking and rating the financial contribution of project portfolio components to strategic objectives.

• Practice

  Develop ranking and rating methods for skills and knowledge acquisition contributions.

  Outcome

  Identifying or developing methods to rate and rank project portfolio component skills and knowledge contributions aid the selection of project portfolio components.

  Metric

  Number of methods available for ranking and rating the competence contributions of project portfolio components to strategic objectives.

3Intermediate

• Practice

  Develop ranking and rating methods for performance objectives.

  Outcome

  Identifying or developing methods to rate and rank project portfolio component performance contributions aid the selection of project portfolio components.

  Metric

  Number of methods available for ranking and rating the performance enhancement contributions of project portfolio components to strategic objectives.

• Practice

  Develop ranking and rating methods for agility objectives.

  Outcome

  Identifying or developing methods to rate and rank project portfolio component contributions towards agility objectives ensure these contributions are counted.

  Metric

  Number of methods available for ranking and rating the agility and flexibility contributions of project portfolio components to strategic objectives.

4Advanced

• Practice

  Portfolio cash flows are balanced and factored when balancing the portfolio across strategic objectives.

  Outcome

  These methods help smooth peaks and troughs in cash flows in and out of the portfolio and also at an organization level.

  Metrics

  • Number of Euro-days cash at hand.
  • Number of borrowed Euro-days cash.

• Practice

  Develop a ‘what-if’ analysis capability to understand potential portfolio impacts of changes or risk events.

  Outcomes

  • These methods help maximize positive events and to minimize negative events.
  • Understanding the impact of possible actions helps select the best solutions for the portfolio and the organization.

  Metric

  Number of ‘what-if’ scenario types supported.

5Optimized

• Practice

  Communicate project portfolio schedules and understanding of the rationale used to establish the schedules.

  Outcome

  There is better acceptance and less resistance to completing the project portfolio components in the designated order.

  Metric

  Number of schedules with explanatory rationale.

• Practice

  Provide self-service reporting and analysis tools.

  Outcome

  This enhances transparency and support for the schedule.

  Metric

  Number of staff authorized to use self-reporting and analysis tools.