Question

"Scoring System" Please respond to the following:

Imagine you have been tasked to select a scoring system to rank each project in consideration in IT portfolio management. Review each ranking option and then select the one you believe is the most efficient for ranking each proposed project. Provide a rationale for your selection.

Identify other considerations that would be of value in ranking a project, and explain why you believe they are valuable.

Answer 1

It is most difficult part to rank a project in IT portfolio management.

For this It is very important to take the opinion of different people.

There are differnent approaches to ranking the the project.

So for this before ranking the project following are the points you need to remeber:

1 Financial Audit

2 Compensation Transperancy

3 New Back ground Check Vendor

4 Windows Upgrade

5 Operationalize Risk Review Board

6 Assigning projects a point value

7 Ranking a project according to your organization’s mission and values

You can give the ranking for the project as 1,2,3,4,5.....And so on.......

Table 1: A Ranked Listing of a Project Project 1 Project 2 Project 3 Points 3000 2500 1250 750 Total Points 7500

Take the opinion of the Decision Makers for changing the rank according to points.

We can use Single elimination approach for ranking the project.

Project 1 Project 1 Project 2 Project 3 Project 3 Project 3 Project 4 Project Project 5 Project 6 Project 6 Project 8 Project 7 Project 8 Proiect8

Its a risk for a project while you giving the point to the project.

Negative Risks or Threats Positive Risks or Opportunities Contingent Response Strategies for Dealing with Project Risk Responses

Conclusion

1 Staff all the project according to their importance

2 Reevaluate the portfolio periodically.

3 make the portfolio Decisions with some frequency.