Question: Explain how project selection, prioritization, and resource allocation contribute to the success of a project portfolio. Include a section on the tools and methods that

  1. Explain how project selection, prioritization, and resource allocation contribute to the success of a project portfolio.
  2. Include a section on the tools and methods that contractors can use to secure projects. Explain at least three of the following tools and methods that contractors can use: SWOT Analysis, Project Proposal, Cost-Benefit Analysis Model, Scoring Model, and bidding/negotiating.
  3. Describe the typical source selection criteria that should be documented when preparing a project proposal.

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