Summary of simple CIPs portfolio selection methods
| Paper | Method | Description |
|---|---|---|
| Banuelas et al. (2006) | Cost-benefit analysis, cause and effect matrix, brainstorming and Pareto analysis | Investigative study in the UK highlighting the application of cost-effectiveness evaluations, causal mapping, creative group sessions and Pareto evaluations by CIP teams to sort and select alternative projects |
| Larson (2003) | Pareto analysis | Pareto analysis to enhance the process of project selection, emphasizing the importance of proper prioritization and selection of CIPs |
| Daniels (2001) | Project assessment matrix | Project assessment matrix aimed at prioritizing alternative six sigma projects by evaluating them against established success criteria |
| Hsieh et al. (2012) | Project prioritization matrix | A framework involving four phases to create a project prioritization matrix applied successfully in a case studies within the banking and health-care sectors in Taiwan |
| Jung and Lim (2007) | Project prioritization matrix | CIPs are organized in a matrix based on process capability and controllability variables. The method is demonstrated in a case study at a Fortune 100 company |
| Kelly (2002) | Project prioritization matrix | Project selection matrix in which customer input directly into the project selection process by assigning priority scores to projects based on customer importance |
| Ray and Das (2010) | Project prioritization matrix, survey and design of experiments | Demonstration of the application of several methods including performance data analysis, balanced scorecards, surveys, prioritization matrices and design of experiments are used to evaluate projects |
| Adams et al. (2007) | Project ranking matrix | Project ranking matrix where team members assign weights to each criterion on a fixed scale to rank projects |
| Mader (2004) | Project ranking matrix | A matrix that focuses on ranking projects based on their potential to change expected commercial values |
| Gošnik and Hohnjec (2009) | Quality cost analysis, brainstorming, interviews, customer visits, CTQ (Critical to Quality) tree, Paretoanalysis, focus groups and surveys | A survey to identify the most commonly used methods found that quality cost analysis, brainstorming, interviews, customer visits, CTQ tree and Pareto analysis are prevalent among firms |
| Holmes et al. (2015) | Weighted scorecard method | A weighted scorecard approach is used to select CPI, in the context of higher education institutions |
| Pyzdek (2003) | Quality function deployment | Priority ordering tool for selecting the most fitting CPI project |
| Paper | Method | Description |
|---|---|---|
| Cost-benefit analysis, cause and effect matrix, brainstorming and Pareto analysis | Investigative study in the | |
| Pareto analysis | Pareto analysis to enhance the process of project selection, emphasizing the importance of proper prioritization and selection of CIPs | |
| Project assessment matrix | Project assessment matrix aimed at prioritizing alternative six sigma projects by evaluating them against established success criteria | |
| Project prioritization matrix | A framework involving four phases to create a project prioritization matrix applied successfully in a case studies within the banking and health-care sectors in Taiwan | |
| Project prioritization matrix | CIPs are organized in a matrix based on process capability and controllability variables. The method is demonstrated in a case study at a Fortune 100 company | |
| Project prioritization matrix | Project selection matrix in which customer input directly into the project selection process by assigning priority scores to projects based on customer importance | |
| Project prioritization matrix, survey and design of experiments | Demonstration of the application of several methods including performance data analysis, balanced scorecards, surveys, prioritization matrices and design of experiments are used to evaluate projects | |
| Project ranking matrix | Project ranking matrix where team members assign weights to each criterion on a fixed scale to rank projects | |
| Project ranking matrix | A matrix that focuses on ranking projects based on their potential to change expected commercial values | |
| Quality cost analysis, brainstorming, interviews, customer visits, | A survey to identify the most commonly used methods found that quality cost analysis, brainstorming, interviews, customer visits, | |
| Weighted scorecard method | A weighted scorecard approach is used to select CPI, in the context of higher education institutions | |
| Quality function deployment | Priority ordering tool for selecting the most fitting |
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