Evaluating and prioritizing projects – setting targets

Abstract

Purpose The purpose of this paper is to develop a methodology aiming to improve the process of prioritizing among projects, focusing on the strategic impacts. The methodology is expected to have a particular relevance for companies operating in a distributed organizational environment. Design/methodology/approach The methodology has been developed within the PROMISE project, where ten applications and eight corresponding companies (application owners) represent the cases where the methodology has been developed and tested. Findings The paper has documented a need for a methodology that links projects and initiatives to overall the overall company strategies. Through the PROMISE project such a method business effect evaluation methodology (BEEM) is developed. The structure of the method and the process of using it are described. Originality/value This paper presents a methodology, BEEM, proven relevant in different contexts when projects and units need to be evaluated, compared, prioritized and coordinated according to strategies and key business drivers. BEEM is also a methodology that could guide projects and units in a distributed organizational environment according to overall strategies. Thus, the methodology might also be used by projects and units to improve the strategic position and/or business development.

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