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15 There are Too Many Projects to Do! >  Selecting the right projects

Selecting the right projects

Project selection and business planning

Why do so many enterprises:

  • waste scarce funds and resources on worthless projects;
  • have little understanding of what benefits will accrue from their project portfolios;
  • struggle interminably with the annual budget setting and decision process?

Research by the GenSight Group2 suggests between 35 and 50 per cent of all investment is directed to unsuccessful projects and that about 30 per cent of project investment by FTSE 100 organisations in 2000 actually destroyed shareholder value!

The demand for improved returns from project investment is now pervasive, from public and private sectors alike, yet most organisations still struggle with the process of deciding what projects to do as well as when to do them. Portfolio management is a discipline that can increase significantly the value derived from project investments. The concepts have been established for 50 years in the financial investment community and are now starting to be applied to planning portfolios of projects.


  

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