Used by the leadership team to evaluate whether a potential project can be brought to successful completion on time.
|When to Use||Purpose|
|Pre-project||Use to evaluate project parameters such as capital, involvement of external organizations, regulatory approvals, team resources, and so on, and the likelihood of obtaining them.|
|Pre-project||To ensure that you start only projects with a reasonable chance of success.|
|Pre-project||For critical projects, use to identify potential project roadblocks early in the process.|
No data requirements exist because you only use this tool to collect and organize data.
For example, for a project without a clearly identified customer, the associated risk factor would be given a rating of No, which translates to a score of 10 times the weight for that risk factor.