pem book chapters

Project Selection process group

In this process group various projects are analysed and a good option amongst them is selected based

on business strategies, profits, market or any such parameters concerned to how the company want

to achieve as an objective.

Typically, this process group comes before the initiation begins as it involves selection of the project

before starting the actual work on it.

It includes below processes -

1) Project resource management: In this knowledge area various processes that identifies the

resource requirements of various projects would be identified and thus used in the selection of the

project

Identify required resources

Inputs Tools and techniques Output

Enterprise environmental factors – Identify internal procedures of working amongst resources that influence the project

Expert judgement - Experts in the respective field can contribute their opinion to identify key skills needed in the projects

Resource list – Potential list of resources and their skillset

Organizational process assets – Policies to review in the selection and allocation of the resources

Data analysis – Methods like root cause analyses which analyse previous projects selection based on resources data

Resource register – Influence of identified resources on project

Business documents – Identifying various business documents to easily strategize the selection of resources

Data gathering – Interviewing people to get insight on how to identify resources

2) Project stakeholder management: In this knowledge area various stakeholders would be

identified, and a tentative analysis would be made on which project would benefit the most under

the positive influence of the associated stakeholders

Identify key project stakeholders:

Inputs Tools and techniques Output

Enterprise environmental factors – Identify who can be internal and external stakeholder based on environment of functioning internally and externally

Expert judgement - Experts can contribute on analysis and selection of stakeholders

Stakeholder list based on extent of their responses on the project

Organizational process assets – Review policies to select the potential stakeholders

Data analysis – Past documents viewing on stakeholder selection

Identify business objectives:

Inputs Tools and techniques Output

Enterprise environmental factors – looking on how the internal or external working environment within the stakeholders can affect the business objectives

Expert judgement - Business leaders can identify the business objectives and allocate the stakeholders

Stakeholder mapping with the objectives - whether they can fulfil the objectives requirement of project or not

Organizational process assets – Policies on selection of project based on certain business objectives

3) Project Procurement Management: In this knowledge various procurement needs of the project

would be identified which would help in project selection

Identify procurement requirements:

Inputs Tools and techniques Output

Enterprise environmental factors – Analysing how the current business environment are in relation with internal people and external vendors to carry out the procurement process smoothly thus leading to the efficient selection of the project

Meetings – Discussing what could be the potential needs of the projects in terms of resources and materials

Procurement list – List of needed resources and materials in the project

Organizational process assets – Reviewing the policies of the organization to carry out the procurement process

Data gathering – Interviewing people in getting the relevant areas of a project on procurement needs of their part of the project

Vendor and internal team engagement register on carrying out procurement

Business documents – Reviewing the past projects documents on how the procurement was carried out to help in project selection based on procurements criteria as in how easy it is to procure resources and material

4) Project Risk Management: In this knowledge area risks of various projects would be analysed to

assist in project selection

List projects risks:

Inputs Tools and techniques Output

Enterprise environmental factors- Analysing the internal environment and also the external risk tasking units which can respond to the risk involved in the project

Expert judgement - Experts in the respective area of the project can help in identifying the risks and influence of them in the project

Risk list and their response

Organizational process assets – Looking for the policies of the organization that are in place like contingency plan to manage the risks

Data analysis – Previous data on how the risks were managed

Risk prioritising

5) Project cost management: In this knowledge area various process related to cost structure of

project is identified and analysed.

Identify and analyse project cost:

Inputs Tools and techniques Output

Enterprise environmental factors- Analysing the internal environment of work that can withstand the cost of the project

Benefit Measurement Methods – understanding present value of estimated cash outflow and inflow.

Total costs of the project including any risks involved

Organizational process assets – Looking for the policies of the organization where the accepted cost level is mentioned

Constrained Optimization Methods - Mathematical Model of Project Selection, are used for larger projects that require complex and comprehensive mathematical calculations

Cost spending document as per the schedule basis – How the cost will be incurred on a timely basis sin the project when seeing from the timeline perspective

REFERENCES

https://www.simplilearn.com/project-selection-methods-article