Question

What are two responses that best explain why organizations are applying weighted scoring selection models in building strategic project portfolios?

Answer 1

Organizations apply weighted scoring selection models in building strategic project portfolios for objective decision-making and prioritization of resources.

Step-by-step explanation:

Organizations are applying weighted scoring selection models in building strategic project portfolios for two main reasons:

1. Objective Decision Making: By using weighted scoring, organizations can assign numerical values or weights to different criteria or attributes, allowing for a more objective decision-making process. This helps mitigate any biases or subjective judgments that may be involved in selecting projects for the portfolio.
2. Prioritization and Resource Allocation: Weighted scoring models help organizations prioritize projects and allocate resources effectively. By assigning weights to different criteria based on their importance or strategic alignment, organizations can focus on projects that align with their overall objectives and allocate resources accordingly.