Project Deliverable 4: Project Management Tools: WBS

processhiercahyandprioritizationmatrix2.docx

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Process hierarchy and prioritization matrix

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For projects to be selected, they need to use and apply the techniques and principles of the hierarchy process so that the best project is selected. Therefore, analytical hierarchy process is among the main models of mathematics that are available in supporting the decision theory. For my selection of the project that I have decided to work on, I need to consistently desire to have a clear mathematical and objective criterion. I used the concept of Vargas (2010) to arrive at the decision, where he says the entire decision making involves processes of mental and cognitive techniques derived from the most reliable selections basing on criteria that are both tangible and intangible. In this regard, I used the hierarchy process by initially decomposing the problem into criteria of hierarchy so that there is an easy analysis and comparison on an independent basis as illustrated below.

According to Vargas (2010), once all the comparisons have been made, there is a follow of evaluation of the relative weight between each criteria and a calculation of the probability in numerical terms for each alternative developed. This calculated probability is critical in determining the chances of the alternative in meeting the expected objective. One should note that when there is a high probability, there are better chances for the alternative to attain the final objectives of the project. Initially, the numerical calculations presented in the analytical hierarchy process may first look like they are easy but upon indulgent in more complex cases, the calculations and analysis become more exhaustive and deeper.

In this project selection, I used the matrix scale in determining and comparing elements availed in the hierarchy process for evaluating and arriving at a good project.

From the above scale, there can be a clear construction of the comparison matrix as shown below

From the above matrix, there is an assumption that criterion 1 is dominant over criterion 2. Therefore, after establishing the hierarchy, the matrix of prioritization helps in evaluation of criteria in pairs so that a proper relative comparison is developed with respect to the initial goal of the project. It is important to note that one begins the evaluation by determining the initial criteria groups’ relative weight so that there is clarity in the prioritization of the decision about the project. Each criterion contributes to the organizational goal and this is determined by using the priority vector calculations. This priority vector is also referred to as the Eigenvector.

Reference

Vargas, R. V. (2010). Using the analytic hierarchy process (ahp) to select and prioritize projects in a portfolio. Paper presented at PMI® Global Congress 2010—North America, Washington, DC. Newtown Square, PA: Project Management Institute.