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How do companies prioritize which project to select first

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Assignment

It seems like every organization has more projects to complete than the amount of resources they have available to work on those projects.

In this situation, how do companies prioritize which project to select first? There are a variety of thought processes and tools used to choose projects.

Choose a tool that has not been discussed widely in the discussion thread, and explain how the tool is useful while adding to the class's body of knowledge.

Your initial response should contain at least 200 words and be supported by at least one additional Scholarly, Peer Reviewed, and Other Credible Source (other than the textbook or required reading).

Guided Response: Review several of your classmates' introductory posts and respond to at least two of your peers. Post your required replies early during the week to promote more meaningful and interactive discourse in this discussion.

Identify how your peers' explanations differ from your understanding, and offer at least one source, example, explanation, or experience to support your comments or position that your peers may not have considered. Your replies should be at least 100 words.

Continue to monitor the discussion forum until 5:00 p.m. on Day 7 and respond with robust dialogue to anyone who replies to your initial post.

Required Resource

Text

Schwalbe, K. (2017). An introduction to project management (6th ed.).

Chapter 2: Project, Program, and Portfolio Selection (read pages 44-57)

Chapter 3: Initiating Projects (read pages 84-94)

Chapter 4: Planning Projects, Part 1 (Project Integration and Scope Management) (read pages 119-135)

Project Management Institute (PMI). (2017). A guide to the project management body of knowledge (PMBOK® Guide) (6th ed.).

The full-text version of this book is available through the eBook Central database in the Ashford University Library. It provides detailed information about the PMI's standards for project management.

The PMBOK Guide supports the text and the learning objectives in the course and is a useful resource for your weekly learning activities. Additionally, the PMBOK® Guide reflects the standards in the project management industry. This source may assist you with your Project Initiation Phase: Project Selection Reflection discussion this week.

Schwalbe, K. (2017). An introduction to project management (6th ed.).

Reference no: EM132249688

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