Project Selection and Prioritisation

1. Explain the following criteria use in the project selection (payoff potential, lack of risk, safety and competitive advantage and explain their importance)

2. Consider a scenario where you are involved in selecting between two projects using a weighted scoring model: Review the fields in the Table below. Come up with 3-5 criteria and you might want to consider using a number between 1 and 10 to denote a score, and a number between 1 and 5 for the project importance.

Fill the Table (one for Project A and Project B based on your criteria and ranking)

Category, Importance, Score, Weighted Score

2.3 Explain which project you would select after comparing the weighted scores. Why is this important for project managers to do so?

2.4 What ethical dilemma can you face as a project manager when selecting projects? Provide an example