Sample interview questions: How do you ensure that projects within a portfolio are delivering value to the organization?
Sample answer:
Establishing Value Alignment:
– Define clear portfolio objectives and align them with strategic goals of the organization.
– Use portfolio analysis tools such as Net Present Value (NPV), Internal Rate of Return (IRR), and Return on Investment (ROI) to evaluate potential projects and select those that maximize value.
Prioritizing and Selecting Projects:
– Develop a strategic roadmap to guide project selection and prioritization based on value delivery.
– Conduct due diligence and feasibility assessments to ensure that projects are viable and aligned with organizational needs.
– Use decision-making frameworks such as weighted scoring models to objectively evaluate and rank projects.
Monitoring and Tracking Progress:
– Implement project dashboards and reporting mechanisms to track project progress and identify potential value gaps.
– Establish key performance indicators (KPIs) that measure value delivery and align with portfolio objectives.
– Regular portfolio reviews and adjustments based on progress u… Read full answer