This section contains the answers to the Can you answer these questions? sections in this chapter.
Task 1.1: Perform project assessment based upon available information and meetings with the sponsor, customer, and other subject matter experts, in order to evaluate the feasibility of new products or services within the given assumptions and/or constraints.
It is important that all projects are subject to a defined project selection process in order to standardize and provide a robust, defensible process for selecting projects from all the available projects that could be undertaken.
Difficult financial criteria for assessing whether or not the project should go ahead include payback period, present value, and net present value, return on investment, ...