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Chapter 2 Project Selection and Prioritization Student: 1. Strategic analysis is an important first step in setting strategic direction. True False2. Strategic analysis is often called SWOT Strengths,
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Project selection and prioritisation is the process of evaluating potential projects and determining which ones should be pursued based on their importance, value, and alignment with strategic goals.
Typically, project managers or project sponsors are required to file project selection and prioritisation.
Project selection and prioritisation forms can usually be filled out electronically or on paper, with information on project goals, objectives, timeline, budget, and resources.
The purpose of project selection and prioritisation is to ensure that resources are allocated to projects that align with the organization's strategic objectives and provide the greatest value.
Information such as project description, objectives, deliverables, timeline, budget, resources, risks, and benefits must be reported on project selection and prioritisation.
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