When a candidate's file is complete, it is given a "Whole Candidate Score" which will rank it among all of the applications. This score is the sum of all the points given for each component of the application. The stack of applications grows each week of the evaluation period, but the applicants remain ranked by their WCS number. The board has been meeting since October, and has offered early appointments to outstanding candidates as early as November. The board will not have to review a bunch of applicants in the next couple of weeks, they will just have to see where the newest applications fit into the stack. Appointments will be offered to the candidates who are ranked the highest, down to the point where all appointments have been given out. Even after this point it is still possible for candidates who are close to the line to be given an appointment if some of the ones that are offered are not accepted. Appointments can still be offered up to I-day due to appointees who become injured or otherwise ineligible to report on I-day.
I am sure there are some exceptions to this standard, but this is how it was explained to me by a Congressional office.
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