Non-financial scoring models are used to assess project viability based on factors beyond financial metrics:
I. Ability to leverage core competencies: Evaluates if the project utilizes the company's strengths and expertise.
II. Strategic Alignment: Assesses how well the project aligns with the company's strategic goals and long-term vision.
IV. Technical feasibility: Considers whether the project is technically possible and can be implemented with available resources and technology.
ROI (III) is a financial metric and would not be included in a non-financial scoring model. References:
Cooper, R. G. (2001). Winning at New Products: Accelerating the Process from Idea to Launch. Basic Books.