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Describe the qualitative project selection models

      

Describe the qualitative project selection models

  

Answers


Francis
1. Subject matter expert (SME) judgments
- Individuals either within the company or outside the company who possess expertise or unique knowledge in a particular facet of the business either by work experience, education, or a combination of both
- SME’s can be used to evaluate projects with or without more complex quantitative models and categorize projects with low, medium, and high priority rankings.

2. Sacred Cow”
- “Sacred Cow” decisions are made because someone – generally in upper management – really wants the project to get done.

3. Mandates
- Generated from vendors, government agencies, industry sectors, or markets e.g. software house stops support for a particular version, government directs that all G2B transactions be conducted online etc
francis1897 answered the question on March 13, 2023 at 08:16


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