When the stakes are high, it is often difficult to make decisions. As a decision-maker, you may be pushed to make decisions.
For example, Portfolio Management requests to prioritise projects among planned initiatives.
You may feel that you don’t have enough information to make a decision. In this instance, ask for more details on each of the initiatives. Get the Portfolio Management to complete Project on Paper (PoP) for each initiative. With the information on PoP, you will likely have a better understanding of the project scope, risk profile, type of resources required, solution options, stakeholders, business impact, and much more.
We need enough information to make informed decisions. Remember, our goal is not to find all the information. Instead, we want to do enough so we can make informed decisions.
So, consider completing the PoP for every initiative before it comes to you for prioritisation.
You can download the PoP template here.