"In the current schedule strength metric, more weight will be applied to games against strong opponents. The new metric of "record strength" will help the committee determine how teams performed against their schedule, rewarding those that beat high-quality opponents while minimizing the penalty of losing to one. These changes will also provide minimal reward for beating a lower-quality opponent while imposing a greater penalty for losing.
Historically, the selection committee typically has evaluated in this manner, but adding it to a computer metric should help codify their process publicly. It could also incentivize athletic directors to continue to schedule marquee matchups between blueblood programs without fear of being penalized for a loss in the committee meeting room. This is something some FBS commissioners have been publicly pushing for and the CFP has been working on over the past six months."
https://www.espn.com/college-football/story/_/id/46027603/cfp-selection-committee-use-enhanced-metrics
Historically, the selection committee typically has evaluated in this manner, but adding it to a computer metric should help codify their process publicly. It could also incentivize athletic directors to continue to schedule marquee matchups between blueblood programs without fear of being penalized for a loss in the committee meeting room. This is something some FBS commissioners have been publicly pushing for and the CFP has been working on over the past six months."
https://www.espn.com/college-football/story/_/id/46027603/cfp-selection-committee-use-enhanced-metrics