ABSTRACT
It is estimated that the combined spending of all the global government hovers around 20–25 trillion dollars. According to one of the leading consulting companies, there are several areas where both the government agencies and not-for-profit agencies must focus their efforts to navigate the dangerous waters of the modern life. Fiscal responsibility—Governments of all levels must use all of their efforts to balance their budgets and reduce deficit spending by managing their budgets. Risks—The governments worldwide must actively manage the risks of their projects. The in-house knowledge/project complexity factor has also been added to the mix since the senior management felt that their organization had been taking on a lot of large and very complex projects that used up almost all of the agency's resources. The executives of the agency decided to some variables into the scoring model during the project portfolio management workshop.
