Project Management: Achieving Competitive Advantage, Fifth Edition

Approaches to Project Screening and Selection

1. LO 3.2  Understand how to employ a variety of screening and selection models to select projects.

A project screening model that generates useful information for project choices in a timely and useful fashion at an acceptable cost can serve as a valuable tool in helping an organization make optimal choices among numerous alternatives.6 With these criteria in mind, let’s consider some of the more common project selection techniques.

METHOD ONE: CHECKLIST MODEL

The simplest method of project screening and selection is developing a checklist, or a list of criteria that pertain to our choice of projects, and then applying them to different possible projects. Let’s say, for example, that in our company, ...