Selection Analysis Overview

Selection Analysis Overview Video

Selection Analysis is the process of selecting the best group of projects in a portfolio to execute based on the analysis of a variety of financial attributes. While the Budget Planning page enables planners to select the right projects to execute based on budget constraints, the Selection Analysis page enables planners to analyze project attributes besides budget, such as Return on Investment, Net Present Value, and Profitability Index. The same processes can be performed on both pages.

One or more analysis views can be configured to graphically represent project data by different sets of criteria using a variety of charts and a grid. The charts are interactive based on the project selection in the grid.

Note: Analysis views are created in the settings and opened from the Published Views page. Opening an analysis view displays it on the Selection Analysis page. Analysis views are only available from the Published Views page if they have been created and associated to the portfolio.

Use the Selection Analysis page to:

• Review the planned budget or forecasted costs entered by the project manager, and choose to link to those costs or propose an alternative budget.

  Note: Only total financial values are available from the Selection Analysis page. To view or enter time-phased data, use the Budget Planning page.

• Review the project start and end dates entered by the project manager, and propose revised dates based on budget allocations.
• Select the subset of projects for inclusion in the budget plan.
• Use the Efficient Frontier optimization tool to suggest an optimal selection of projects for inclusion in the budget plan.
• Create multiple plan scenarios to model a variety of plans based on different sets of criteria.
• Send scenarios out for review to the planning group to evaluate the mix of projects.
• Send the candidate scenario to project managers to negotiate the budget and project start and end dates with the project manager for each project.
• Send the final scenario out for final approval.
• Communicate with the planning group and project managers that have access to the projects within the scenarios.