To convert corporate strategies into project selection criteria, and to rate the criteria according to importance, i.e., according to their influence in achieving strategic goals.
The project selection criteria are developed as an outgrowth of the Strategic Planning Process. Anytime the corporate strategy changes, the project selection criteria must be reviewed and perhaps refined.
The Portfolio Planning and Management Team uses this tool to establish a relative ranking of a project. In addition, it will be used to continually to review and refine project priorities as business needs change and innovative concepts emerge. The worksheet will be used when evaluating: