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Project Selection Choosing Your Investments

Project Selection Choosing Your Investments. Jessica Iselt, DPS Wendy Mazzurana, DIR. Agenda. Why can’t we do it all? What is Project Selection? What does a selection method look like? So what should the criteria be? How do I use the criteria to determine priority?

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Project Selection Choosing Your Investments

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  1. Project SelectionChoosing Your Investments Jessica Iselt, DPS Wendy Mazzurana, DIR

  2. Agenda • Why can’t we do it all? • What is Project Selection? • What does a selection method look like? • So what should the criteria be? • How do I use the criteria to determine priority? • How can I use this for long-term planning? • What will the results of a good selection method be?

  3. Why can’t we do it all? • Constraints • Funding • Resources • Needing to accomplish priorities

  4. What is Project Selection? • A way to align resources and manage constraints so activities executed are those that best meet your Agency’s goals and objectives

  5. What does a selection method look like? • Leverage Best Practices • Consider government drivers and constraints • Consider the unique mission of your agency

  6. DPS Initiation Process

  7. What does a selection method look like? • Standard intake • Mechanism • Information • Business Case

  8. DIR Portfolio Review

  9. So what should the criteria be? • Cost / Funding • Resources / Skill-sets / Other commitments • Alignment to goals/objectives/strategy • Legislative mandate • Audit finding • Deadlines • Risk/Exposure

  10. How do I use the criteriato determine priority? • Viability • Scoring • Portfolio Review Board

  11. How do I use this for long term planning? • Visibility into the Pipe • Roadmap • Legislative Cycle • Planning for items that “come in”

  12. DIR Roadmap

  13. DPS Roadmap

  14. What will the results of a good selection method be? • Strategic Enterprise Roadmap • Complete the most important work • Increase project success rate • Decrease in overruns • Decrease in project abandonment • Achievement of priority objectives

  15. Questions?

  16. For More information Jessica Iselt, DPS Deputy Assistant Director, Policy & Planning Jessica.Iselt@dps.texas.gov Wendy Mazzurana, DIR Senior Project Manager, Program & Portfolio Management Office (PPMO) Wendy.Mazzurana@dir.texas.gov

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