Project scoring allows the projects in the portfolio to be prioritized according to some predefined criteria and a structured scoring process. Scoring can also be helpful as part of the gate review process in determining the value of the project to the organization and if ongoing investment is warranted.
Scoring criteria can be configured based on the type of project being managed. Scoring criteria are organized under scoring category headings and a weighting system is applied as shown in the following example:
The scoring table can be set up to use 1 to 10 or 1 to 3 point scoring ranges. The weighting factors are automatically applied to the scores to calculate the overall score for the project. The thresholds for determining the Score Outcome and Score Flag are configurable. The worksheet also captures assumptions or comments related to the scoring.