Portfolio options

See the attractiveness of all projects so you can optimise for business value.

Launch

Prioritise the right work

Use recommendations to choose projects that best balance impact with cost.

Workbook and data sheet

Optimise outcomes

Get the right mix of projects to achieve priority goals and outcomes.

Workbook and data sheet

Align resources to goals

Use resources optimally to deliver priority goals and increase stakeholder trust.

Prioritise the right work

Focus on value: See the projects delivering the most value with a calculated attractiveness score.

Be strategically aligned: Make some goals more important than others so projects impacting have their attractiveness boosted. 

Avoid resource waste: Prevent allocating scarce resources to projects of minimal impact or not aligned with strategic goals.

Support mandatory projects: Adjust to include compulsory projects, even if they are less attractive.

Support new opportunities: Free up resources to start new, high-impact projects by deprioritising lower-value initiatives.

Optimise outcomes

Maximise returns: Identify initiatives that impact the most important benefits so you can deliver the greatest overall return on investment.

Balance costs and benefits: Evaluate both financial and non-financial impacts of each project so you optimise portfolio value.

Analyse trade-offs: Make informed decisions as you weigh up the cost and benefit trade-offs between competing initiatives.

Be data-driven: Use objective metrics to evaluate attractiveness, reducing the influence of subjective opinions and biases.

Reevaluate: Identify projects that no longer deliver value compared to others and should be stopped or redirected.

Align resources to goals

Optimises resource allocation: Ensure your limited human and financial resources are directed toward initiatives with the highest impact on goals.

Prioritise goals and outcomes: Include the reality that not all goals and outcomes are equally important.

The right mix: Get the right mix of projects needed to achieve priority goals and outcomes.

Transparency: Show evidence of why resources are allocated to specific projects, so stakeholder trust is increased.

Better collaboration: Align teams and projects across the organization by focusing everyone on shared priorities and outcomes.

Put it all together

Portfolio options are just the start. Use them with Wovex’s prioritisation and optimisation features to get greater value for less effort.

 

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Still have questions? We have answers.

Portfolio options can be added to any plan as an add-in. It is not a standard feature of any plan but can be added for a low monthly or annual cost. Contact us to try portfolio options for free without a credit card. Try Wovex Clarity Plus today.

Portfolio analysis is critical for balancing multiple projects based on value, benefits, and outcomes.

Wovex uses three steps:

  1. Identify priorities. Identify your priority goals, benefits, and other criteria against which to judge attractiveness. For example, different types of risk may influence your decisions.
  2. Quick review. Review each initiative against the priorities. Wovex has an easy set of questions that you can quickly complete, or you can choose to deep-dive into detail—the choice of approach is yours. Start and only deep-dive if the business cases need it, otherwise keep it light, simple and fast.
  3. Get recommendations. Wovex automatically analyses each initiative’s attractiveness and prioritises it for you. You can then review and adjust as needed.

It’s as simple as that!

The simple answer is anything you want!

There is a set of standard categories, such as goals, benefit measures, financial totals, and ratios, such as ROI, NPV, and payback period.

You can also add unlimited additional categories. Customers have provided examples of different categories of risk, level of urgency, and the cost of delays.

All are weighted so they can all have a relative priority, which is then used in attractiveness calculations.

Each portfolio analysis you do can use different criteria and weightings, so you can see different options as you optimise your portfolio with Wovex.

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