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Jane has been evaluating the state of the innovation portfolio at ACME Bricks and Construcion. Several simultaneous projects use the same set of product development experts. Moreover, many of thse projects are being delayed and compete with other business priorities. What critical aspect of portfolio management Jane loo at to adress these issues?
Correct Answer: A
Jane should focus on resource allocation to address the issues at ACME Bricks and Construction. Effective resource allocation ensures that the right amount of resources (time, expertise, and manpower) are distributed appropriately across projects to avoid bottlenecks and delays. By managing the allocation of shared product development experts and balancing their workload, Jane can reduce conflicts and improve the flow of projects. Proper resource allocation is a critical aspect of portfolio management as it directly impacts project completion times and the ability to meet business priorities (Cooper, Edgett, & Kleinschmidt, 2001; PMI, 2013).