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Project Selection Methodology for Alcoa Fastening Systems (PM587) By Nayan Patel Geeta Gilder James Fry Memorandum To: Joe Pleier, Manager From : Nayan Patel, Geeta Gilder and James Fry Date: March 24, 2004 Re: Proposal for Project Selection Methodology for Portfolio Management-AFS Joe, The following proposal for a Project Selection Criteria to assist in Portfolio Management of the Alcoa Fastening Systems (AFS) strategic business unit is submitted for your review and comment. This proposal represents our efforts to develop a methodology for improving the SBU's ability to manage product portfolio. Utilizing specific selection criteria and numerical models, we have developed prototype for determining the suitability of proposed products for future development and implementation into our array of product offerings. We ask for your comments and feedback on this Proposal. Industry The industry that we have developed the following project selection methodology is in the manufacturing industry. Resource allocation in a manufacturing environment is crucial to the profitability of the company...

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