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Organisation & Project Management - Project Selection - Coggle Diagram
Organisation & Project Management - Project Selection
More effective planning of resources
More Efficient utilisation of resources
Balance between opportunities & threats with available resources
Keep stakeholders focused on most critical projects
Alignment on highest priority project
1) Project Screening
2) Selection Criteria
Financial
Non-financial
3) Financial Selection Criteria
Payback Period
Time to recoup investment
Net Present Value (NPV)
Calc gains & losses overtime at current value
NPV > R0 = accept
NPV < R0 = reject
ROI
Breakeven
Internal Rate of Return (IRR)
Non-Financial Selection Criteria
Weighted Scoring Model
Criteria weight by contribution and importance
Project Idea
Supporting Data & Analysis
Self-Evaluation
Project Office Assessment
Hold For Resource
Allocate Resource, Monitor Progress