Practices and Principles used in the McKinsey Consulting organizationProject prioritization within the context of project management discipline is a Project and Portfolio Management (PPM) function that involves prioritizing projects in the portfolio based on certain criteria and then assigning weights to those projects based on those criteria. Those weightings are then eventually used to prioritize projects leading to project selection. Modern PPM tools provide such functions and facilitate an easier process to enter criteria and then to provide an easy to use interface to prioritize and select projects.
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