Scoring Models

Scoring models (sometimes called weighted scoring models) are models that use a common set of values for all of the projects up for selection. For example, values can be profitability, complexity, customer demand, and so on. Each of these values has an assigned weight. Values of high importance have a high weight, while values of lesser importance have a lesser weight. The projects are measured against these values and assigned scores by how well they match the predefined values. The projects with higher scores take priority over projects with lesser scores. Figure 4-1 demonstrates the scoring model.

I | Cost â–¡ ROI | | Marketplace I | Demand | | Prototype

Project A

Project B

Project C

Project D

Figure 4-1 A scoring model bases project selection on predefined values.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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