Continuing on my thoughts on aligning project portfolio to IT strategy, what are some of the criteria one must use for selecting projects that are truly strategic. A number of organization may use the size of the project to tag it as a strategic project. In my opinion, one must ask following questions to see if a project fits the definition of a strategic project:
- Is the project adding new capability or enhancing an existing capability in one of the core business processes. A core business process is one related to enterprises' primary value chain (excluding, HR, Finance, Facilities etc.).
- Is the capability shareable across many processes. For example a capability to have a full view of customer relationships can enhance not only sales, marketing and customer service processes but can also be used in other key processes such as supply chain management.
This is all I can think of right now. Would be interested in hearing other thoughts