Tuesday, November 21, 2017

5. Lesson 4 and 5 - Project Selection Decision Making



We had been learning various techniques on how to make project selection Decisions

the techniques were

  1. Selecting project of Bespoke solutions or Off the shelf solutions 
  2. Make - Buy decisions based on profitability & minimum cost 
  3. Project selection decisions based on risk factor - Expected Monetary Value 
  4. Project selection based on monetary benefit - Cost Benefit analysis - Investment appraisal 
  5. Conducting a Feasibility Study 
Download the material here 

Here is a very good note on project selection 
https://www.simplilearn.com/project-selection-methods-article

Q - what are the other methods of project selection not learned in class ? 

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