Custom Project Ranking Model
For every project in Targetprocess you can specify a set of custom parameters to evaluate and prioritize them. Prioritization based on such parameters guides decision-makers to ensure the organization continues increasing productivity and that these items align with the strategy.
In the solution we have the following set of parameters specified:
- Value (1-5)
- Importance (1-10)
- Differentiator (1-7)
- Risk (1-3)
- Rank = (Value + Importance + Differentiator - Risk)/4 to easily prioritize projects between each other. Please note that the formula can be customized to reflect your company’s actual project selection process.
Based on these parameters you can have a view or a report with any of the parameters selected as axes (or lanes). Visualize them using color or size. Such data representation can help you to decide on which items are better to be focused on right now, in the next quarter, or in a year.
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This solution can be added from the Solutions Gallery, which is always available from the “Create” button in the bottom left menu of Targetprocess. If you are an on-site customer, the Solutions Gallery mashup has to be installed before you can add a solution.
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