Task: Select Components
Triage the requests and components being considered for inclusion within the portfolio.
Disciplines: Product Portfolio Management Tasks
Extends: Select Components
Purpose
To identify which components are worth pursuing and which are not.
Relationships
Main Description

Component selection is the most effective mechanism within the portfolio cycle to narrow the funnel and eliminate the ideas that cannot be self-sustained or demonstrate enough value. 

Conclude the initial triage of all components being considered for inclusion within the portfolio. Compare all components within a given work pipeline against the predefined portfolio metrics, measurements, and thresholds to identify which components meet all of the required parameters and add value to the portfolio.

These are examples of portfolio metrics, measurements, and targets:

Steps
Compare all components within a work pipeline
Compare each component to the selection criteria and either include or exclude the component, depending on different threshold values for the selection criteria. Also consider capacity constraints as part of the the selection process to ensure that not too many components are included.
Select a list of components for prioritization
Generate a list of the selected components. Put the unselected components on a "waiting list" to be included in the next planning cycle for the portfolio.
Key Considerations

Depending on the size and importance of the component, it might be necessary at this stage to expand the business justification into a complete business case.

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