Project portfolio gating
Project portfolio gating – Overview and Importance
Project porfolio gating provides a process for tracking the performance, value and current relevance of a project or group of projects vis-à-vis the current strategic reality, which is influenced by the organizational and environmental factors. It is critical to the realization of the business strategic goals. Dynamic organizations will assess the viability of projects, in terms of cost and benefits, on a regular basis. Figure 7 shows a typical gating process for the project portfolio management.Each organization may have its own customized version of the gating process. The important thing to know is that gating provides a practical approach to consistently evaluate and validate the credibility, relevance and viability of projects during the product development stages.