I need to develop a Project Selection Criteria, its a headache to prioritise projects with every user department thinking each of their project is a god investment and needs to be implemented right away, and I have limited staff,and outsourcing not an option in the near future. I am looking for something very practical, objective and easey to use, Saving Changes...
James PorterSr. Project Planner| Hitachi Rail STS USAGlenshaw, Pa, United States
What forms the foundation for selection - economic benefit, strategic reasons, competitive reasons, mandatory due to regulation, other reasons? Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Murambwa, I would start by using your organization's goals and objectives. Make sure they are prioritized then assigned a weight to reflect their importance.
When you review a project, assign it a rating, say from 1 to 5, against each organization goal according to how well it helps reach it. Multiply each rating with the weight associated to the goal, and sum the products. The projects with the highest numbers will contribute the most towards your organization's goals. Saving Changes...
MAEN QADDOURAHProject Director| AJ SAUDIJeddah, Saudi Arabia
Weightage is the best as Stephane said. Saving Changes...
Organisational goals is best practice to take the lead role in decision making, project to be chosen needs to align with the strategic values which your company promotes and YES! I agree with Stephane on the multiplication, also be sure to explain to the other departments why their projects may not be in the immediate plans for the company, they may end up being future stakeholders in your selected project. Saving Changes...
I will tend to agree with Rami. Please do not use any templates, but design your own in the light of various methods and templates available. Saving Changes...
Thank you guys, your contributions have been helpful, I have lead the process to define a matrix which will be handy in ranking my projects, but has come to light is that, some minimum project planning, i.e. project business analysis has to be done before you can start selection, and the projects have to be at the same level of the project mgmt life cycle to ensure comparability Saving Changes...
Khai Ng.IT PMO | IT Project Manager| TTGROUPHanoi, Viet Nam
You should have a Business Case for each of your project. It contains business need and the cost-benefit analysis and provides information from a business standpoint to determine whether or not the project is worth the required investment. The weighting method can be used to compare your projects but you could not be able to do it without completing Business Cases. Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
In the process, I also found another tool that is also posted here.
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1 reply by Rami Kaibni
Feb 02, 2016 2:33 AM
Rami Kaibni
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Stephen, Great tools and yours is really good because the first sheet is introduction / instruction and the second is the scoring table. Thanks for sharing.
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