Yes, there is There are, as well, useful theories and methods for quantifying project benefits (for example, AHP, real options, portfolio decision analysis, and multi-attribute utility analysis). In addition, there are practical and effective methods for measuring and accounting for risk. Finally, there are mathematical methods more accurate than the ranking theorem that allow you to, among other things, optimally select from alternative project versions (e.g., different project funding levels), account for people and other resource limitations, compare projects that return benefits over different time periods, and make choices that achieve specified performance targets. To learn the details, read my paper Mathematical Theory for Prioritizing Projects. |