Need a short paper
approximately 500 words that discusses project selection models.
There are two basic types of
project selection models: non-numeric and numeric. As a project manager, you
should prepare a report that provides an overview of the selection criteria,
selection models, and management processes. Your short paper should do the
following:
·
Compare and contrast the
advantages and disadvantages of non-numeric and numeric selection models.
·
Describe how selection
criteria are developed and used for the selection and prioritization of
projects.
·
Describe management’s process
for choosing a project selection model. How does it align with the
organization’s mission?
There are several Qualitative Models that you can consider in your research
for non-numeric project selection methods that include:
·
Subject Matter Expert (SME) judgments based on their knowledge + expertise
·
Sacred Cow Methods that includes pressure from upper management to complete
the project
·
Mandates — generated from external sources such as local, state, or
federal agencies
·
Checklist Model — projects
are evaluated against a list of criteria
Must cite sources.
