It might seem we average these individual scores to come up with an overall Ascent Score, but the truth is these scores are actually weighted like this:Īs you can see, we weigh ease of use at 40%, while the other four categories are weighted at 20%, giving ease of use more power to sway the overall score. The Ascent scoring is based on for ease of use, support, pricing, and features. A great example of weighted values is the way we at The Ascent score the software we review: That’s why you must assign specific weight values to each criterion in the form of a percentage. No two criteria carry the same importance, which proves the usefulness of a weighted scoring model. Step 3: Assign weight values to your criteria It all depends on the projects you’re working on. Nevertheless, there will always be consistent measurements you’ll want to take into consideration, such as cost management and return on investment. The criteria you use in your weighted scoring model is unique to your project or product, so if you’re dealing with a social media project, the criteria will differ from a software product development project. Now that we have a list of everything you’d like to accomplish, it’s time to figure out the criteria that will impact the weight of each option. All you have to do is gather up viable options that are within your consideration. These options can include:Īs I said, this list is not based on any particular value judgement since you’ll weigh them later. All you need to do is list out all the options you’d like to incorporate into your project or product without regard to the difficulty, priority, or any other factor. Now that you understand what a weighted scoring model is, I’ve put together a list of easy-to-follow steps for creating your model, and how to use it once you’ve constructed it.Īll of my values were made up for this example, so you don’t have to follow my weights and scores when incorporating this matrix into your own project framework. How to create and use a weighted scoring model For the most part, I will be using elements from this system to demonstrate how a weighted system works. The Six Sigma prioritization matrix is one of the most well-known weighted scoring models in project management. While a weighted scoring model can be used for all kinds of decisions and actions, in terms of project management, this model will help you figure out your priorities during the planning phase of the project life cycle. You might even remember weighted scoring back from your years in school when your teacher would weigh certain assignments based on their importance to the class. Overview: What is the weighted scoring model?Ī weighted scoring model (aka weighted scorecard) is a project management technique used for weighing certain decisions, such as prioritizing project actions, prioritizing the development of product features, purchasing new software, etc. Luckily, you don’t have to become an expert in every option or make an off-the-cuff decision when there are tools to guide you, such as weighted scoring models. Who really knows what the right decision is when faced with multiple options? Unless you fully understand each option, the costs, the risks, the benefits, etc., then you can’t possibly know what the right decision is off the top of your head. Need to make a multifaceted decision for your project? Use a weighted scoring model to help prioritize your choices and actions for a more desirable outcome.
0 Comments
Leave a Reply. |