Committed Portfolio Selection Decision Date (Cost) (project field)

The Committed Portfolio Selection Decision Date (Cost) field shows the commitment date of a Portfolio Selection Scenario as determined during cost constraint analysis.

Data Type    Date

Entry Type    Calculated

Best Uses    By working through a cost constraint analysis as part of a Portfolio Selection Scenario, you can choose which projects to invest in based on the value-to-cost ratio indicated by portfolio-level cost constraints. You can save multiple Portfolio Selection Scenarios, including various models for cost constraints, for further analysis.

After a cost constraint Portfolio Selection Scenario is committed, the date and time of the commitment is saved in the Committed Portfolio Selection Decision Date (Cost) field for each project.

You can add the Committed Portfolio Selection Decision Date (Cost) field to Project Center views, reports, and project field Web Parts for review by project and portfolio stakeholders. By doing this, you and others on the team can see when the commitment decision based on the cost analysis was made.

Example    As a result of working through the Portfolio Strategy process, you have asked Microsoft Project Server to run a high-level cost constraint analysis on the proposed “Develop SOX-compliant auditing mechanism” project. When you decide to commit to this project, you see that the Committed Portfolio Selection Decision Date (Cost) field is May 4, 2011.

Remarks     In Project Web App you can add this field to a Project Center summary view, for example.

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