List the 8 steps of the Project Portfolio Process. Which step do you believe is the most difficult to complete and why? (out of the 8 items below)

1. Establish a Project Council

2. Identify Project Categories and Criteria

3. Collect Project Data

4. Assess Recourse Availability

5. Reduce the Project and Criteria Set

6. Prioritize the Projects within Categories

7. Select the Projects to be Funded and held in Reserve

8. Implement the Process