Nonnumeric models are from earlier days of project management and are considered to be simpler than other methods. When looking into nonnumeric models and the characteristics that an organization would use these selection models for are things like operating necessity, competitive necessity, creating new product line items, and executive’s new great passion or simply deciding to move on one project over another because they are not comparable in terms of outcomes.
The models named in the nonnumeric model selection actually define the method without much more explanation needed: The sacred cow, operating necessity, competitive necessity, product line extension, comparative benefit model and sustainability. The defining features and reasoning behind nonnumeric models is not always clearly defined. These characteristics are loose in the fact that there is not really a scientific way to rate them for viability, profitability or outcomes.
The nonnumeric models have advantages of simple criteria for approval, they are goal oriented, are listed as primary concerns of the organization and have the backing of organizational leaders. Disadvantages of the nonnumeric model are there are no...
... middle of paper ...
...s described are essential for efficient business planning. As stated by Vandersluis (2001) “the reasoning as to why most projects fails 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 good plan in the beginning, with clearly defined objectives will help guide organizations through successful business projects. The methods described can be carried out in various combinations. It is in the organizations best interest to try different methods that meets their needs and able the organization to make the most informed decisions while considering a wide range of factors rather than concentrating on just a few. Careful consideration in project selection, no matter what method is used, will go far in making organizations more successful.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
Evaluation Of An Undertaking Proposal And Presentation For Engg951 Assignment 2 Successful Time Administration
- Time Management For the arrangement of the undertaking proposal and presentation for Engg951 Assignment 2 successful time administration was discriminating. Time was a standout amongst the most inflexibly obliged and critical components in accomplishing what was to be situated out in the achievement articulation for the undertaking, with considerable scholarly punishments for not submitting the work in the permitted time. Poor time administration in the early phases of the undertaking could prompt an absence of accessible assets, eventually bringing about a decrease of extension, or quality, or both.... [tags: Project management, Gantt chart, Management]
2000 words (5.7 pages)
- Developing an Evaluation Plan “Evaluation plan is the systematic collection of information about the activities, characteristics, and outcomes of program, services, policy, or processes, in order to make judgments about the program/process, improve effectiveness, and/or inform decisions about future development” (Bowen, 2012, p.12). So developing evaluation an plan is crucial in this project because this will tell the what the impact of physical activities has on the elderly patients with or without Alzheimer`s disease and the actual changes that need implementation.... [tags: Evaluation, Assessment]
972 words (2.8 pages)
- Capstone Proposal Summary Many consumers and small businesses use wireless (Wi-Fi) networks to enable their laptops and other wireless devices to access the Internet. Wi-Fi networks generally include a wireless “router” connected to a broadband Internet service via a modem that is attached to the cable or telephone network. Sometimes the wireless router and the modem are integrated into one device. While Wi-Fi networks provide many benefits, an unprotected network can result in unauthorized use and potential harm unless certain steps are taken.... [tags: Wireless access point, Wi-Fi, Wireless]
2749 words (7.9 pages)
- Washburn Women's Venture Partners: Proposal for Grant Funding: the iRead Common Reading Program Purpose: The iRead common reading program at Washburn University was developed to enhance the educational experience of the students and the greater Washburn/Topeka community. • Common reading programs merge the curricular and cocurricular components of college and reinforce the message that learning occurs both inside and outside the classroom.* • Such programs help students understand that reading, critical thinking, discussion, and other activities are expected in college and contribute to learning.* • Reading can promote more meaningful learning.... [tags: Verbal Proposal]
860 words (2.5 pages)
- Picture a person who that is juggling doing several things at once; they are balancing a stick in one hand and another stick on their nose. Each stick has a plate on the top that they want to keep spinning without losing balance or dropping either. There is a lot going on in those actions including the exact timing of when to reach up and spin a plate, constant body movement to keep the sticks balanced as not to fall, and a continued push from the free hand to keep both plates spinning. This paradigm could be used to describe integration knowledge area of project management.... [tags: Project management, Management, Planning]
846 words (2.4 pages)
- Introduction Projects are widely used by many organizations and government institutions in the course of conducting their business. One of the reasons for this is because they have been proven to be effective in initiating change and translating strategic programs into daily activities. However, it has been established that most projects fail to deliver on time, budget, and customer specifications. In most cases, this failure is caused by over-optimism by the project management team. This over-optimism commonly referred to as optimism bias can simply be defined as overestimating the projects benefits and conversely underestimating its cost and duration time.... [tags: Project Management Essays]
3404 words (9.7 pages)
- Contract Edit Upon reviewing the contract for leadership proposal, I have identified the areas of the contract that require change. This changes will improve the delivery and understanding the contract. Within the Evaluation Paragraph of the Contract it is stated that the project will complete a 360-degree assessment of every leader that agrees to participate, this is a weak stance in a contract and should be re-worded to include that participation in the training is mandatory for the betterment of the bank as a whole.... [tags: Problem solving, Leadership, Evaluation, Better]
767 words (2.2 pages)
- Portfolio Outline - LAMSS Company Project Management Plan I. Introduction This document provides the Logistics and Mobility Services Support (LAMSS) Company’s project management strategy to address the ABC Cargo Shipping and Receiving Company’s operational requirements. The purpose of this LAMSS’s project management plan (PMP) is to outline ABC’s operational need or problem, and to define the project’s scope, concept of operations, technical approach, management activities, potential risks, stakeholders’ roles and responsibilities, scheduling, and reporting (CSU-Global, 2016).... [tags: Project management, Management, Logistics]
865 words (2.5 pages)
- When a team of professionals are assigned the task of creating a request for proposal (RFP), priorities are generally to devise the most thorough RFP, and to establish suitable evaluation criteria. As with any project management task, the team should also fully consider the project from initiation through closing, in order to be sure to have the most successful project. Often times, solicitation advertisement requirements, and the basics of competitive versus non-competitive bidding are overlooked.... [tags: Project management, Management, Procurement, Team]
1264 words (3.6 pages)
- Practicum Project: Creating a Women and Infants Clinical Summary Screen The adoption of clinical information systems is one way that healthcare organizations are making an effort to improve patient safety, provide a means to exemplify regulatory compliance, and facilitate exchange of patient information between care providers (Kirkley & Stein, 2004; Nadzam, 2009). To achieve this goal, Barnes-Jewish Hospital (BJH) recently implemented a new CPOE/clinical documentation system. One of the objectives of the new system was to give bedside clinicians a standardized electronic tool, known as the Clinical Summary, for bedside shift hand-off reporting.... [tags: Project Plan]
2010 words (5.7 pages)