Explanation
Enterprise environmental factors may constrain portfolio management options and may have a positive or negative influence on the outcome. Enterprise environmental factors include, but are not limited to:
Organizational governance processes, culture, and detailed hierarchy structure; Legal constraints; Governmental or industry standards (e.g., regulatory agency regulations, codes of conduct, product standards, quality standards, and workmanship standards); Infrastructure (e.g., existing facilities and capital equipment); Existing human resources (e.g., skills, disciplines, and knowledge, such as design, development, law, contracting, and purchasing); Personnel administration (e.g., hiring and firing guidelines, employee performance reviews, and training records); Marketplace conditions; Portfolio management information system (i.e., tools, manual or automated, for information collection and distribution to support the portfolio management processes); Commercial databases (e.g., standardized cost estimating data, industry risk study, and information and risk databases); Organizational project management; and Stakeholder risk tolerances