Hi
You can add corresponding assist column to convert text to number, then get result by sum them. You can hide the column to make the view clear.
H2=IFERROR(IFS(D2="High",5,D2="Medium-High",4,D2="Medium",3,D2="Low-Medium",2,D2="Low",1),"")
I2=IFERROR(IFS(E2="High",5,E2="Medium-High",4,E2="Medium",3,E2="Low-Medium",2,E2="Low",1),"")
J2=IFERROR(IFS(F2="IAA",6,F2="Award FEE",5,F2="TO/DO",4,F2="IDIQ",3,F2="FFP - A&E",2,F2="FFP",1),"")
K2=IFERROR(IFS(AND(G2>0,G2<250000),1,AND(G2>=250000,G2<5000000),2,AND(G2>=5000000,G2<100000000),3,G2>=100000000,4),"")
Drag down to fulfill the column.
Note: you can set your rules like FFP = 1, LH=2, by modify the formula. See IFS fucntion.
Regards,
Eric