Although project prioritization is widely used for analyzing portfolios, there is often a bias toward considering only quantitative criteria. This fails to account for such key considerations as strategic fit and potential impact. In order to have a balance between short- and long-term commitments, it is important to consider both quantitative and qualitative criteria, with risk being a key factor in the equation. However, project prioritization is only one of the components of portfolio management at the Mexican Petroleum Institute. Linking the portfolio analysis to the technology strategy and having a clear and well defined resource allocation policy are also necessary to carry out sound portfolio management.
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