Five Project Selection Strategies to Boost Your Project Investments

Have a documented process for selecting projects.

  • How does this project carry out the mission and/or objectives of your organization?
  • Is this project required by law?
  • How much will the project increase revenues?
  • How much will the project reduce costs?
  • Will this project result in environmental improvements?
  • What is the payback period? Or, ROI or NPV?
  • How will the project improve customer satisfaction?
  • And, how will the project improve the organizational or team culture?

If the size of your organization warrants, use a project selection committee.

Align projects with your corporate (or entity) strategy.

Have a selection strategy which increases project focus.

Focus on your people.

  • How will this project impact your customers and what are they saying?
  • How will this project impact your employees and what are they saying?
  • Do you have a strong project team that is excited about this project?
  • And, how committed is senior leadership to this project?

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Suzanne S. Davenport

Suzanne S. Davenport

Writes on project management, leadership, team building, and value delivery. Imagining work management in the future. Smartprojex.com