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I L T A W H I T E P A P E R | P R O J E C T M A N A G E M E N T 19 Effective Legal Portfolio Management Services B Y A P R I L H E I M E R L , H O L LY H A N N A H , A N D A N N E C H R I S T M A N F irms need a clear vision on what is currently happening in their projects and the ability to plan for the future. Regardless of the methodolo used to complete an individual project, there is high demand for complete transparency into the overall project portfolio as a whole. Firms need to see the complete health of all projects within both its practice and administrative groups. Legal portfolio management services are critical to aligning the firm's strategic initiatives with technolo project requests to drive innovation and delivery of value-add projects. An effective portfolio management program enables firm leadership a clear line of site into the health of projects. Legal Portfolio Management is a centralized management process to manage and maintain a firm's project portfolios. It serves to: • Evaluate the demand of incoming project requests • Identify the high-value projects to the firm • Select projects that will alignment with the firm's business strate • Prioritize projects

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