25 Questions on Scoring Methods
- 11 Apr 2022
- 2 Minutes to read
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25 Questions on Scoring Methods
- Updated on 11 Apr 2022
- 2 Minutes to read
- Print
- PDF
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Introduction
In the past two content, we shared 10 scoring methodologies of different domains and industries. We have spoken to many of the community members and they liked the information they share. It still did not answer many of the questions they had. It was a good starting point but there are many complex problems that the analysts and accessor deal with. You will be surprised that the problems are similar and it revolves around converting points to scores, assigning weightage, applying the threshold, using the right amount of multipliers, giving ranks, stars or bands etc
We will keep this content very clean and lean by asking 25 questions that you can answer. This article is posted exclusively in our LinkedIn Group, so please at least one question and answer in the comment below. We are doing this experiment because we found that many of you are eager to interact but are having a fear of how to start. Here is a small nudge for you. If you want to play safe use the simplest question. Only your participation will make this content worth it. You are in a safe group and we are here to support each other.
- What is more important to you simplicity of scoring or easy communication of scoring?
- Does participating companies reach out to you in case they are unhappy with the score?
- Do you use a more Relative Score or Actual Score?
- Do you get a score calculation overload fatigue?
- Who is the primary reader of your scorecard?
- How do you really on excel to verify the scores?
- Do you have data scientists in your scoring team?
- Is your scoring algorithm simple or complex?
- How many indicators do you consider for scoring?
- Can you name a few multipliers you use in your scoring?
- Do you like to score out of 100 or provide quartile bands?
- What is the difficulty you face by applying weightage?
- What are the criteria you use for scoring adjustment?
- Does your scoring need analysts to review the evidence?
- Is your scoring calculated automatically based on quantitative data?
- What is the biggest difficulty you face while scoring the companies?
- Does your scoring change based on the company's countries?
- How do you calculate the scores for a Group company that has multiple subsidiaries?
- Which tool did you wish you had that would have made your scoring easier?
- How do you manage scores when your indicators change year on year?
- Which part of your scoring do you do your maximum testing?
- Do you add any external data that you include in your overall scores?
- Does your participant need to complete all the sections before they can be scored?
- How many team members are in your scoring team?
- How many rounds of engagement do you have with companies?
Call To Action
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