The value of each project is
The value of the program is
Thus, project 2 is twice as important (valuable) as project 1.
If, in the preparation of matrix A, it seems desirable to differentiate between the different degrees by which a project contributes to a technology or a technology to a requirement, this is easily accomplished. Instead of a one-zero measure of contribution, one might use the following:
2, if Pt makes a "major" contribution to 7} 1, if Pi makes a "minor" contribution to 7) 0, if Pj makes none
Matrix B could also accommodate a more sensitive measure of the contributions of a technology to a requirement if the evaluator wishes.
Dean's method has wide applicability for evaluation of programs composed of multiple interdependent projects. Scores can be compared for several programs. When program life is extended over several time periods and generates outputs in these successive time periods, program performance can be compared between periods.
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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.