Method to evaluate project viability
First Claim
1. A computer assisted method for rating a project comprising the steps of:
- receiving data describing the project;
generating a standardized rating of the project'"'"'s viability by computing a plurality of project parameters based on the data including a computed dollar benefit score and a computed non-dollar benefit score;
plotting a symbol on a computer generated graph, wherein the area of the symbol is proportional to a project parameter, and wherein the symbol is plotted on a graph having at least a first coordinate axis representing the computed dollar benefit score and the second coordinate axis representing a computed non-dollar benefit score; and
taking an action based on the graph.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of rating a project provides a functional result in the form of a standardized rating of project viability. The method receives data regarding a project and uses that data to generate the standardized rating, and costs and benefits of project, including the dollar benefits, the non-dollar benefits. For each project, a symbol of varying size representing a project parameter, such as total cost of the project, can be plotted on at least two axis, one axis representing a dollar benefit score, and the other axis representing a non-dollar benefit score. Those using the results generated by the method can then take appropriate actions regarding one or more projects. The method'"'"'s evaluation results are useful for project pre-planning, approval, and evaluation of the project'"'"'s viability as it progresses towards completion. It can also be used for a full post-implementation review to confirm whether the project'"'"'s targets have been met.
127 Citations
15 Claims
-
1. A computer assisted method for rating a project comprising the steps of:
-
receiving data describing the project;
generating a standardized rating of the project'"'"'s viability by computing a plurality of project parameters based on the data including a computed dollar benefit score and a computed non-dollar benefit score;
plotting a symbol on a computer generated graph, wherein the area of the symbol is proportional to a project parameter, and wherein the symbol is plotted on a graph having at least a first coordinate axis representing the computed dollar benefit score and the second coordinate axis representing a computed non-dollar benefit score; and
taking an action based on the graph. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
-
-
9. A System to generate standard ratings of projects comprising:
-
a computer for receiving data about a project;
the computer programmed to assign a dollar, and a non-dollar value, and a project score to each project, and further programmed to display a graph including a symbol plotted on a graph, the graph having at least two axis including a first axis, and a second axis, the first axis representing the dollar value and the second axis representing the non-dollar score for each project and the area of the symbol representing the cost of the project. - View Dependent Claims (10, 11, 12, 13, 14, 15)
-
Specification