The Portfolio Optimizer is the tool used for project evaluation and comparison. The process of reviewing and comparing business case values for projects assigned to a portfolio is how a portfolio manager can prioritize projects and generate the most value for an organization.
The purpose of the portfolio optimizer is to provide an interface through which a portfolio manager, steering committee, or product management office can view summary information for each project's business case. Projects can then be prioritized according to strategic values (e.g., risk index, alignment score, ROI, cost-benefit index). A score can be created for each project based on these values.
The algorithm for calculating the score takes in to consideration the business case values and the weights they carry. It gives every project in the optimizer a score and normalizes that score so there is always a project in the set with a score of 100. This gives a high score to the best project. For example, if you make alignment the only factor to consider, the project with the highest alignment gets the score of 100.
To locate the portfolio optimizer:
- Navigate to the Projects area in the Global Navigation Bar.
- Click the Portfolios tab and click the portfolio you want to view.
- Click the Portfolio Optimization tab.
The Portfolio Optimizer is displayed.