Maybe a simple question, but would love to see what others are doing...
I am in the process of creating a standard scorecard to evaluate potential projects. The scorecard consists of a list of questions that detemine a score for Value, Implementation and Risk. Now that I have these scores, I can't figure out what to do with them. Anybody ever use a fancy graph or other visual that will plot three dimensions to help evaluate if this project is a "good" investment? Saving Changes...
Mark Price PerryBusiness Driven PMO Evangelist| BOT InternationalOrlando, Fl, United States
Dear Sarah, scorecarding can be helpful both at time of project selection and during management of the project portfolio. Many project organizations rate and rank key criteria such as what you have done to arrive at a weighted average rank and assessment of the project idea. Over time, a natural project selection threshhold value is comes into view. Projects greater than the threshhold are good candidates for further initiation, projects less than the threshhold are passed over for further initiation. In terms of graphics, spider charts provide an excellent view of the project scorecard criteria values and a histogram chart provide a good view into the weighted average score of the year-to-date project requests. The project selection information is also helpful during portfolio management as changing business requirements may require and result in an adjust to the original project selection scorecard. The noted differences, if any, make for good bar chart graphical representations as well. Hope this helps..! -- Mark Perry, VP of Customer Care, BOT International Saving Changes...
