Sunday, October 21, 2007

Project Selection Method

In PMP, Project Selection Method is any systematic approaches used to analyse the value of a proposed project. The evaluation may be formal or informal.

  • Feasibility analysis may be conducted using a formal study or an informal brainstorming session. It may also be used to compare alternative solutions to select the one that is the best fit for the organization.
  • Cost-Benefit analysis compares the predicted costs and benefits of a project.

1 comment:

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Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)