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Chapter 2. Initiating a Software Project > Understanding How Executives Select ...

Understanding How Executives Select Projects

Most companies, at least the ones we work with, have a limited amount of capital to invest in new projects. This means, of course, that not all proposed projects get launched. Some projects (no surprise) have a higher priority than others. For example, projects that are tied to government regulations have a funny way of earning a higher priority than other projects.

Projects may get selected in one of two ways:

  • Constrained optimization: This is a complex approach that considers multiple variables, factors, and likelihood of project success. Selection committees use dynamic algorithms and linear and nonlinear programming to choose their projects. Doesn't that sound like fun?

  • Benefit comparison methods: Most organizations use this approach. Benefit comparison methods use accessible formulas, comparison models, and systems to choose which projects should be launched and which should not. Because these are the most common, we focus on giving you details on several models.


  

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