Evaluating The Selection Process Is A Method For Selection

872 Words4 Pages
In the world of fierce competition between businesses, some of the utmost important decisions that organizational leaders are faced with are decisions related to the projects they agree to undertake. Every organization has to determine how to make their product or service stand out, this typically leads to project proposals. The majority of organizations have a process, some formal and some informal, to select and prioritize projects. Once a project proposal has been submitted to the organization, there are various factors that need to be considered before the project is to officially begin. The selection process is a process to assess each project idea and ultimately help leaders select projects that further meet the organizational goals. The process of project selection can be simple or more involved depending on what the organization uses as a method for selection. This selection will lead to how well the project is executed. Consequently, choosing a project selection method is of the greatest importance. Non-numeric Models Non-numeric models are from times during the early adoption of project management and are considered to be simpler than other methods. Organizations, without a strict process for project selection, would use non-numeric models for decisions relating to projects when pressed to change operations due to competitive necessity, when creating new product line items or simply deciding to move on one project over another as they are not comparable in terms of outcomes. The models named in the non-numeric model selection actually define the method without much additional explanation needed: sacred cow, operating necessity, competitive necessity, product line extension, comparative benefit model and sustain... ... middle of paper ... ...ent business planning. As stated by Vandersluis (2001) “the reasoning as to why most projects fail is that companies tend to get involved in projects that are out of their league or they have no process for determining the appropriateness of taking on a project or not.” Having a well thought out plan in the beginning, with clearly defined objectives will help guide organizations through successful business projects. Thus, the methods described can be carried out in various combinations. It is in the organization’s best interest to try different methods that meet their needs and enable the organization to make the most informed decisions while considering a wide range of factors rather than concentrating on just a few. Accordingly, careful consideration in the project selection, no matter what method is used, will go far in making organizations more successful.
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