Project Evaluation and Selection of Project Management

Project Evaluation and Selection of Project Management

Project Evaluation and Selection Includes

- Deciding whether or not to go ahead with a Project

  • Strategic assessment (program goals)
  • Portfolio Management
  • Technical assessment
  •  Cost-benefit analysis
  • Cash flow forecasting
  • Risk evaluation

  Poor Decisions
    • Scarce Resources wasted
    • Profitability suffers
    • Organisation’s survival

- Senior Management performs Evaluation and Selection
  Evaluation and Selection tasks include
    • Evaluate a single project (D go/no go)
    • Select one project from a set of projects
    • Select a portfolio of projects from a set of projects

  Evaluation and Selection for
    • Internal Projects - Evaluate/Select for initiation
    • External Projects - Evaluate/Select for bidding