Patent ID: 8589205

Claim:
A method for selecting one of a plurality of information technology (IT)-led innovation projects, the method comprising: obtaining, at a project selection computing device, a plurality of IT-led innovation projects; determining, with the project selection computing device, a selection of one or more research projects for each of the obtained IT-led innovation projects based at least on one or more research project criteria; selecting, with the project selection computing device, one of the obtained IT-led innovation projects based at least on the determined selection of one or more research projects for each of the obtained IT-led innovation projects and one or more innovation project criteria; and wherein at least one of: the determining further comprises obtaining, by the project selection computing device, a research project weight for at least one of the one or more research project criteria and applying, by the project selection computing device, one or more research project metrics to the one or more research project criteria with the obtained research project weight applied to the at least one of the one or more research project criteria, the research project weight is defined based on a relative impact of the at least one of the one or more research project criteria in evaluating a feasibility of implementing the research project; or the selecting further comprises obtaining, by the project selection computing device, an innovation project weight for at least one of the one or more innovation project criteria and applying, by the project selection computing device, one or more innovation project metrics to the one or more innovation project criteria with the obtained innovation project weight applied to the at least one of the one or more innovation project criteria, the innovation project weight is defined based on a relative impact of the at least one of the one or more innovation project criteria in evaluating a feasibility of implementing the IT-led innovation project; providing, with the project selection computing device, the selection of the one of the obtained IT-led innovation projects.