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: project selection methods
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 […]
Project Selection Methods: How to Choose the Right Project?
There can be several possible projects to initiate in an organization. But are they the right ones? However, it is not possible to execute every project in an organization. Why there must be a project selection in the organizations? Because as seen in the PMP certification training lectures, the reason is mainly about the project […]