What Criteria Might Be Employed to Prioritize Projects in a Project

question 35

Essay

What criteria might be employed to prioritize projects in a project portfolio? Choose any example project from recent business news and deduce which criteria were most important to the company in question.

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Definitions:

Explanatory Variable

A variable in a statistical model that is used to explain variations in the dependent variable.

Error Sum Of Squares

A measure in statistics of the discrepancy between the data and an estimation model.

Standard Error

A measure of the accuracy with which a sample distribution represents a population by quantifying the variability of the sampling distribution.

Coefficient Of Determination

A measure that represents the proportion of the variance in the dependent variable that is predictable from the independent variable(s).