What is a Project Selection Guide, and what are best practices, tools and online templates for teams and organizations?
Definition of Project Selection Guide
The Project Selection Guide is a tool used by business leaders and managers to assess whether or not a project should be pursued based on the value of potential improvements, overall meaningfulness to the business, and ability for the project to be managed effectively by the existing team.
Description of Project Selection Guide
Lean Six Sigma projects must be able to deliver an impact on a business and its customers efficiently and effectively. The Project Selection Guide helps business leaders and Six Sigma practitioners assess projects and determine quickly if they are good Lean Six Sigma projects to pursue. This assessment is based on their overall impact on the customer, their potential to save time for the business, their potential for cost savings, and how manageable the project is overall.
The Project Selection Guide supports improved decision making by asking respondents to answer a series of questions related to project attractiveness and feasibility on a scale from 1 to 5, with 1 being “Very Low” and 5 being “Very High”. After answering and scoring each question, the Project Selection Guide template calculates a score. Projects with scores of 75% or higher move forward in the selection process, while projects with scores below 75% should be restructured to address some of the low-scoring areas.
Tools & Templates
The tools and resources that leaders use to make the most of the Project Selection Guide template are internal stakeholder interviews, budget sheets, project plans, and business strategy documents.
upBOARD's Online Project Selection Guide Tools & Templates
Unlike most traditional process checklists and problem solving models, upBOARD’s online Project Selection Guide model tool allows any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.
Learn more about upBOARD’s portfolio of other business strategy best practice tools and templates, including:
2 X 2 Matrix, ADL Matrix, Affinity Diagrams, Baker’s 4 Strategies of Influence, Balanced Scorecard, Benchmarking, Blue Ocean Strategy, Bowman Strategy Clock, Build-Measure-Learn Feedback Loop, Business Model Canvas, CAGE Distance Framework, Competitive Analysis, Competitive Landscape Analysis, Contingency Planning, Core Competence Analysis, Critical Success Factors, Discovery Driven Planning, Economic Value Added, First Mover Advantage, Five Forces Model, Force Field Analysis, Gap Analysis, GE McKinsey 9-Box Matrix, Go To Market Strategy, Hambrick & Frederickson’s Strategy Diamond, Hedgehog Model, Hook Model of Behavioral Design, Hoshin Planning System, Kay’s Distinctive Capabilities Framework, Key Outcome Indicators, Kotler’s Five Product Levels Model, Kotler’s Pricing Strategies, Lafley & Martin’s Five Step Strategy Model, McKinsey 7S Model, McKinsey’s Seven Degrees of Freedom for Growth, Mergers & Acquisitions, Mission Statements, Mullin’s Seven Domains Model, OGSM Framework, Ohmae’s 3-C’s Model, Partner Relationship Management, PEST Analysis, PESTLE Analysis, Porter’s Diamond, Portfolio Management, Purpose Statements, Pyramid of Purpose, Scenario Planning, Simonson & Rosen’s Influence Mix, SMART Performance Metrics, SMARTER Goals, SOAR, Strategic Goals, Strategy Map, Strategy Roadmap, Strategy Uncertainty Map, SWOT Analysis, TOWS Matrix, Triple Bottom Line, USP Analysis, Value Chain Analysis, Value Disciplines Model, Value Net Model, Values Statement, Vision Statements, VRIO Analysis, and Weisbord’s Six-Box Model.