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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Glossary » What is Project Ranking
What is Project Ranking  

What is Project Ranking



 
 

Project Ranking is used in project portfolio management (PPM) for selection of the most valuable, worthy and impactful projects which an organization needs to get focused on (the foremost projects to be completed through concentrating business resources at them). Project Ranking method is used when a company has a portfolio of concurrent projects which compete between each other for the available business resources: hence a company needs a wise direction on allotting these resources to prevent their waste at some low-gain projects or tasks. The ranking of the projects in a portfolio is usually performed via determining and comparing their ROI (Return on Investments) rates.

There are the following techniques to rank the projects:

  • Benefit measurement (in the most cases one of the three following methods is chosen):
    • Cost-benefit analysis (cost-revenue comparison);
    • Weighted scoring models;
    • Cashflow analysis: payback time, Internal Rate of Return (IRR), Net Present Value (NPV);
  • Constrainted Optimization: a complex method used for ranking large projects;

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