CHAPTER 4
Project Selection and Approval
Key Points
- Factors important in project selection
- Project selection methods
- Cost–benefit analysis and net present value
- Multiple objective analysis
The project process begins with a project proposal, generated by users or management. The first step is an initial selection of projects, either on a case-by-case basis, or periodic selection by committees. A related decision of great importance is to keep track of the progress of a project, so that those that are not going to provide value to the organization can be canceled.
Analyzing the expected financial impact of a software project is referred to as a business case. Business cases can be accomplished in a number of different ways—some financial, others ...
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