How can one effectively prioritize projects in a portfolio?

To effectively prioritize projects in a portfolio, one can use criteria such as strategic alignment, resource availability, potential impact, and urgency. By evaluating each project based on these factors, decision-makers can determine which projects should be given priority based on their importance and potential value to the organization. Regularly reviewing and adjusting priorities as needed can help ensure that resources are allocated efficiently and that the most critical projects are completed successfully.