There are many financial terms in Project Management. They are mostly related to project selection methods and especially to the most common approach for project selection which is the economic model. If you know these financial terms well as a project manager, you will be more confident about choosing the right project. Because these financial […]
Tag: economic models
Which Economic Model Will Work Best For Your Project Selection?
In an organization, there can be many potential projects, but to initiate each one of them is not the best option. There are project constraints that limit the execution of possible projects. So as defined in PMP training, the project selection methods come into use. The economic model options are the most common approach in […]