Initiative scoring helps decision makers rank and prioritise initiatives more effectively by providing a standardised scoring and evaluation framework.
The key dimensions of initiative scoring are:
Urgency (risk of not doing)
Benefit (value of initiative)
Confidence (risk of doing)
Strategic alignment (how initiative supports organizational objectives)
All scores are standardised on a 1-10 scale, with the highest scores indicating a higher ranking.
To ensure like-for-like comparison, scoring is based on investment reasons and initiative stage.
Initiative scoring comprises:
Define Scoring Matrices - these are the evaluation templates
Create a Scoring Model - combines scoring matrices and weighting by dimension
Assign Scoring Model - assign scoring models to investment reasons
