The project that got funded is the one whose estimate was furthest from reality. That isn’t bad luck. It’s selection. Every quarter, a room of executives looks at a stack of proposals and funds a few. The ones that win have the best numbers: the highest return, the lowest cost, the shortest timeline. Ask yourself […]
Tag: project selection
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 […]
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 […]