Step 4: Define the Project Details
When an idea has been thoroughly researched and discussed, you can move the new idea card into the “In Definition” column and start defining the specific project details needed for evaluation. By clicking the card, you can add important fields such as a description, resource requirements, financial information and most importantly, you can add fields that calculate the project score.
The project score is calculated based on certain criteria and weighting determined by your organization. With a project score, it is much easier to compare projects and initiatives objectively. Projects and initiatives with higher scores are more closely aligned to the company objectives while lower scores indicate the project or initiative is not closely aligned. For each new project idea, fill in the project score relevant fields such as Strategy Fit, Payback Period and Risk Level.