Abstract:
Organizations that undertake many projects
need to identify the types undertaken,
and use labels to name them.These
labels are attributes that form the basis
of a project categorization system. There
are two reasons why organizations need
to categorize projects. The first is to
develop and assign appropriate competencies to
under take projects successfully (do them right). The second is to
prioritize projects within an Investment
portfolio to maximize return on Investment (do the right projects). Prior
research into project classification,the
methodology adopted, and the model
developed is described. Two major components of
a project classification system, the purposes for classifying
projects and the attributes used to classify them,
are Identified; as well as that
attributes can be grouped into larger
classes. There are also more complex,
multidimensional systems for categorizing projects. Finally,how an organization
can implement a categorization system
is described. This research of project categorization was funded by the Project
Management Institute.
