Importance

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Abstract

A method of rating a project provides a functional result in the form of a standardized rating of project viability. The method receives data regarding a project and uses that data to generate the standardized rating, and costs and benefits of project, including the dollar benefits, the non-dollar benefits. For each project, a symbol of varying size representing a project parameter, such as total cost of the project, can be plotted on at least two axis, one axis representing a dollar benefit score, and the other axis representing a non-dollar benefit score. Those using the results generated by the method can then take appropriate actions regarding one or more projects. The method's evaluation results are useful for project pre-planning, approval, and evaluation of the project's viability as it progresses towards completion. It can also be used for a full post-implementation review to confirm whether the project's targets have been met.

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First Claim