A Project Filter is a tool or technique to sort, prioritize, and manage projects based on specific criteria. It helps an organization or an individual refine the project list by applying different filters such as budget, deadlines, resources, risks, or strategic alignment.
A project filter can be described simply as a tool that allows decision-makers to narrow down or focus on the most relevant projects in alignment with their goals, constraints, and resources.
Why is a Project Filter Used?
Prioritization: Helps in ranking projects based on importance, urgency, or impact.
Resource Allocation: Ensures that resources (time, money, manpower) are assigned to the most valuable projects.
Efficiency: Eliminates unnecessary or low-value projects, allowing teams to focus on high-priority tasks.
Risk Management: Helps in identifying and filtering out projects with high risks or low feasibility.
Strategic Alignment: It ensures that the chosen projects are in alignment with the company's overall objectives and goals.
Decision Making: It helps make a structured choice of the best projects by predefined filters.
Performance Tracking: Helps in reviewing the ongoing projects and assessing their effectiveness based on key performance indicators.