Do These 6 Things Before Removing a Project From Your Portfolio
You should already have a formal mechanism for adding projects to your organizationâs portfolio. However, our project management consulting teams have found that some companies donât follow an established process when a project is removed. Itâs common that a project is pulled from the list without a thorough evaluation of the cancelationâs long-term effects. In some cases, firms never completely delete initiatives and instead maintain a broad pool of inactive efforts that linger on indefinitely.
If your stakeholders want to cancel a project, there are some actions you should take before that decision is complete. These six steps
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