Project Selection Methods

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Project Selection Methods:


When considering a project formal selection methods are followed as comparison of the benefits of multiple projects. These formal selection methods assist in setting specific standards and gauge the benefits of a given project against the minimum specified standards.

The project selection methods are as follows:

  • Benefit Measurement Models
  • Mathematical Models 

Benefit Measurement Methods: This puts perspective on accumulated benefits at the completion of the project. The projects are compared based on their impacts.

Mathematical Methods: This rates the project…

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