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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Triage
What is Project Triage  

What is Project Triage



 
 

Project Triage is a process used to promptly analyze troubled projects from a portfolio to prioritize them, and to define the following actions based upon the current status of every project. It is usually performed at the end of accounting period, by the project manager.

Initially triage is a medical term that describes the sorting of patients to establish treatment priority. Triage (in medicine) is normally applied in a case of urgency and limited resources, such as war or disaster, so patients are sorted into one of three groups defining their further treatment: patients who need immediate treatment to survive, patients who are not in critical condition – they can wait, and patients who cannot be saved. The same analogy can be used for sorting an organization’s project portfolio:

  • Group 1: projects that are going well enough, so they don’t need specific intervention;
  • Group 2: projects that have no optimistic forecast for their future, so they should be stopped, reexamined and probably cancelled, while they haven’t wasted too much of valuable resources;
  • Group 3: projects that are in trouble, they need urgent intervention of the management;

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