Managing a portfolio of improvement projects is a crucial task for any organization looking to sustain lasting growth and competitiveness. It involves selecting, prioritizing, and managing multiple projects that align with the organization's strategic aims. A well-managed portfolio of improvement projects can result in significant benefits, including improved efficiency, reduced costs, and enhanced customer satisfaction.
To manage a portfolio of improvement projects effectively, it is essential to have a clear understanding of the organization's strategic goals and priorities. This involves identifying the key areas for improvement and establishing a set of standards and process optimization an waste reduction criteria for evaluating and selecting projects.