Project Selection is a key element in the success of any construction organization. Dr. Thomas C. Schleifer, PhD, using statistical analysis, developed this tool based on his 40+ years of measurement and experience in the construction industry. The project selection tool provides an accurate measurement of project selection risk based upon what is known or not known about a potential project at a given point in time, and how well the project matches the firm’s experience. Using the tool the probability of success in go/no-go decisions in project selection can be accurately measured in advance and is directly associated with the construction organization’s experience with similar work.
A Standard and Advanced version of the Project Selection Program is provided for your use. We highly recommend that before considering using the advanced version, which allows you to change weighting values, you familiarize yourself and test the standard program first. If you feel that changing the weight for any question may be more appropriate for your circumstance, only then should the advanced tool be used.