Project Management Office should follow the following Steps for Monitoring and Controlling The Organization Goals and Strategies in Project Portfolio Process.
(1) Stabilize a Project Council.
(2) Identify Project Categories and Criteria.
(i) Derivative Projects.
(ii) Platform Projects.
(iii) Break-through Projects.
(iv) R & D Projects.
(3) Collect project data.
(4) Access Resource Availability.
(5) Reduce the project and criteria set.
(6) Prioritize the project within the categories.
(7) Select the project to be funded and held in reserve.
(8) Implement the process.