System and method for improved project portfolio management
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United States of America Patent
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May 28, 2013
Grant Date -
Jun 15, 2006
app pub date -
Aug 30, 2005
filing date -
Sep 7, 2004
priority date (Note) -
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status (Latency Note)
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Abstract
A system and method for managing a portfolio or projects is disclosed wherein the relationships between the goals of an organization are determined and a weight is applied to each goal. These weights are indicative of the importance of each goal in achieving another goal. Each project in the organization is assigned a contribution value that indicates the importance of that project in achieving one or more of the organizational goals and strategic impacts of that project to those goals is calculated as a function of the contribution value of the project. This strategic impact is compared to objective criteria, such as the budget allocated to that project, and a determination is made whether the resources allocated to that project should be adjusted as a function of the relationship between this strategic impact and the objective criteria.
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