The 6 evaluation criteria for classifying and ranking
projects:
Value Chain Analysis: It is the extent to
which activities add value and costs when developing products
and/or services.
Strategic Alignment: It is the extent to which
the project is viewed as helping the organization to achieve its
strategic objectives and long-term goals.
Potential Benefits: It is the extent to which
the project is viewed as improving profits, customer service, and
so forth, and the duration of these benefits.
Resource Availability: This describes the
amount and type of resources that the project requires and their
availability.
Project Size/Duration: This describes the
number of individuals and the length of time needed to complete the
project.
Technical Difficulty/Risks: This describes the
level of technical difficulty to complete the project successfully
within given time and resource constraints.