Project Integration Management :Part 2
The first column in the chart shows the criteria , the second column shows the weight the
selection committee has assigned to each of the selection factors. Column four points in
this case are assigned a value of 0-100. The first factor is given 90 points . the weight for
this factor is 25 percent , making the final score 22.50(90 points multiplied by weight
0.25). Each factor is assigned points, and the total score is calculated by adding together
all the scores.
This selection method is mainly used to prioritize projects. Financial calculations and
score can be used to rank the projects in the order of most profitable highest return, or
greatest potential for market penetration.
Created a bar chart to graph the weighted scores for this project , but when we are
comparing across multiple projects weighted scored for each project will be shown in the
graph allowing to see the results in glance.
In the decision-matrix document created for this project shows most of the points are
above 50 points which is considered to be good for not dropping for the project except for
the criteria “Has low risk in meeting scope, time and cost goals”.
We can determine minimum scores or thresholds for specific criteria in a weighted
scoring model. For Example suppose an organization really should not consider a project
if it does not score at least 50 out of 100 on every criterion.