A portfolio health analysis (health check) looks at all of the projects in the portfolio to ascertain if they will meet the goals the company established. Using the data gathered from the steps the company can now make adjustments to the portfolio as needed. The portfolio health analysis can be conducted at anytime but should be done at least two times a year. The portfolio analysis needs to look at six factors: Budget, schedule, resources, scope, priority, and strategic fit.

 

The health chack consists of six steps as follows:

 

1) Look at the projects underway, waiting to start, and completed vs what was planned

2) Look at the budget to date vs planned and actual spend to see if the entire

portfolio can be completed within budget

3) Determine if the resource utilization vs. forecast indicates a shortage of resources.

4) Check each project vs proposed scope to ensure there are no significant unapproved changes

5) Make sure that projects are being executed in accordance with the priorities

6) Check that projects aligned with the company strategy are still in alignment

Using the data gathered from the steps the company can now make adjustments to the portfolio as needed