Maximizing Project Value by Goodpasture John;

Author:Goodpasture, John; [Goodpasture, John C.]
Language: eng
Format: epub
ISBN: 5254151
Publisher: Berrett-Koehler Publishers, Incorporated
Published: 2013-08-15T00:00:00+00:00

FIGURE 7-5 Factors for Choices

Several factors inform choices among alternatives.

Deciding choices according to policy

The project manager invokes the project’s decision policy, decision criteria, and tools and methods to arrive at an objective implementation decision.

Policy: Decisions shall be timely and decided in favor of the most holistic and favorable impact on project objectives, as evaluated after adjustment of supporting data for risk.

Criteria:

•The net present value (NPV) of postproject outcomes will be positive.

•The NPV discount rate shall be less than the internal rate of return.

•The critical need date shall not be compromised.

Tools: Decision tables and trees; Monte Carlo simulation; discounted cash flow; event chains

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