{"id":1174,"date":"2018-11-02T13:13:00","date_gmt":"2018-11-02T17:13:00","guid":{"rendered":"https:\/\/assetworks2stg.wpengine.com\/eam\/?p=1174"},"modified":"2026-02-04T14:48:05","modified_gmt":"2026-02-04T19:48:05","slug":"eam-smart-cities-project-ranking-selection","status":"publish","type":"post","link":"https:\/\/www.assetworks.com\/eam\/blog\/eam-smart-cities-project-ranking-selection\/","title":{"rendered":"Smart Cities Part Two: Project Ranking and Selection"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1174\" class=\"elementor elementor-1174\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e46d904 e-flex e-con-boxed e-con e-parent\" data-id=\"e46d904\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-32d1156 elementor-widget elementor-widget-text-editor\" data-id=\"32d1156\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You probably have more projects in your backlog than you can afford. How do you prioritize them? Once you do, how well can you defend your plan with actual data?<\/p><p>Don\u2019t forget to think about risk management: how uncertain are you of the outcomes, and what is the likelihood of a loss?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ed62ac elementor-widget elementor-widget-heading\" data-id=\"5ed62ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What\u2019s the deal with project ranking and selection?\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7803d2c elementor-widget elementor-widget-text-editor\" data-id=\"7803d2c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The objective of project ranking and selection is to give your organization tools to identify goals and rate projects. Through this process, your organization should be able to make tough decisions by weighing projects across multiple factors. You can combine and plot these factors on a chart, for example, by comparing two different factors and seeing which projects maximize both values. Let\u2019s say you want to pick projects that have a big benefit to public safety, with minimal negative impact to the environment.\u00a0<\/p><p>If your city wanted to start the \u201cRepave Mission,\u201d they could see justification in its large savings for public safety and minimal environmental impact costs. If they were thinking of starting the \u201cNew Light Rail,\u201d however, they would have to note that while it has massive public safety savings, it also has substantial environmental impact costs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4725d3a elementor-widget elementor-widget-heading\" data-id=\"4725d3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What problems does project ranking and selection solve?\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e771dba elementor-widget elementor-widget-text-editor\" data-id=\"e771dba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Selecting between projects that compete for funding, time and other resources<\/li><li>Identifying which factors on a project are important with respect to your city\u2019s goals<\/li><li>Reducing wasted labor and materials by coordinating projects and resources<\/li><li>Allowing you to look at the big picture by comparing data values across multiple projects at once<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f757ec elementor-widget elementor-widget-heading\" data-id=\"3f757ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What specific steps can your city take?\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fec286b elementor-widget elementor-widget-text-editor\" data-id=\"fec286b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol><li><strong>Track your projects in a database.<\/strong>\u00a0Since most of your projects pertain to maintaining existing assets and building new assets, it makes sense to use an asset management system that retains all of your data between departments. This integration allows project managers to communicate with laborers and vice versa.<\/li><li><strong>Measure and monitor asset conditions.<\/strong>\u00a0This way there are no surprises when one of your facilities needs a new roof or one of your other assets fails.<\/li><li><strong>Identify and document your goals.<\/strong>\u00a0These are the long-term visions of the city and they often take multiple years to achieve. One example of a city goal may be reducing traffic fatalities.<\/li><li><strong>Identify S.M.A.R.T. objectives to achieve these goals.<\/strong>\u00a0S.M.A.R.T. stands for Specific, Measurable, Attainable, Relevant and Time-based. There will often be multiple objectives that work toward a common goal. For example, one objective toward reducing traffic fatalities could be, \u201cIncrease the public safety advertising budget to $250,000 by 2020.\u201d When an objective is stated this way you can measure the progress toward both the time goal and the financial goal.<\/li><li><strong>Decide which factors matter for your projects.<\/strong>\u00a0What is the extent to which those factors help you achieve your goals? For example, if you are concerned with increasing public safety you could rate your projects on the \u201cDegree to which public safety is increased\u201d using a scale of 1 to 10 (multiple factors lead to best results)! Then, when you are selecting between projects as you develop your budget, you can refer back to these quantifiable ratings to decide which projects have more merit.\u00a0<\/li><\/ol><div class=\"fusion-text fusion-text-7\"><p>AssetWorks\u00a0<a href=\"https:\/\/www.assetworks.com\/eam\/\" target=\"_blank\" rel=\"noopener\">Enterprise Asset Management (EAM)<\/a>\u00a0software comes equipped with the tools you need to start the track to making your city smart. EAM includes complete asset life-cycle management, with budgeting, acquisition, capital improvement, campaigns and disposal management. In addition, EAM comes with robust service request, work order and calendar functionalities. Finally, EAM is integrated with Esri GIS and AssetWorks FleetFocus fleet management systems so that your data can be streamlined and kept accurate in real time.<\/p><\/div><div class=\"fusion-text fusion-text-8\">\u00a0<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>You probably have more projects in your backlog than you can afford. How do you prioritize them? Once you do, how well can you defend your plan with actual data? Don\u2019t forget to think about risk management: how uncertain are you of the outcomes, and what is the likelihood of a loss? \/*! elementor &#8211;&#8230;<\/p>\n","protected":false},"author":6,"featured_media":691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[20],"tags":[],"post_folder":[],"class_list":["post-1174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Smart Cities Part Two: Project Ranking and Selection<\/title>\n<meta name=\"description\" content=\"You probably have more projects in your backlog than you can afford. 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