Which method is beneficial for prioritizing projects?

The selection matrix is a highly effective method for prioritizing projects because it allows for a systematic evaluation of multiple projects based on various criteria. By using a selection matrix, project managers can define key criteria that are important for project success, such as cost, return on investment, resource availability, strategic alignment, and risk. Each project is then scored against these criteria, and the scores can be tallied to determine the overall priority.

This method provides a visual representation of how each project compares to others, facilitating objective decision-making based on quantifiable data rather than subjective opinions. It can also foster a discussion among stakeholders about what factors are most critical for the organization's goals, leading to a more comprehensive and inclusive project selection process.

Other methods mentioned may serve specific purposes within project management, but they do not provide the same structured approach for evaluating and prioritizing multiple projects across various criteria.