Five Ways to Say “No” in Strategic Portfolio Management
Avoid getting mired in ambiguity – There is a right way to say “NO”
Killing projects is one of the central tasks of Strategic Portfolio Management: you have to say “no” to some good projects to be able to say “yes” to better ones. The hardest part of SPM is saying “no” and making it stick.
A clear and unambiguous “no” can be a healthy and productive step to get an organization to de-clutter, to focus in the right places, and to drive the upside of the best opportunities. But to address the organizational issues, you must distinguish between different types of “no”. Learn about the five types of “no” that can drive value and growth in your portfolio.