Question

The executives in your organization typically choose which projects to perform first by reviewing the business case and then determining, based on their experience with similar projects, which will likely perform well and which will not. What form of project selection method is this?

Answer 1

The form of the project selection method is Benefit Measurement Methods.

Step-by-step explanation:

Profit measurement is a form of project selection based on the current value of estimated cash outflows and inflows using variables derived from the project. To make a decision, the cost-benefits are calculated and compared with other similar projects available.

This form does not guarantee the success of the project, but provides enough information to know if it is viable if it could generate income and if it is relevant to do more research on the issues of the project.

Have a nice day!