السبت، 31 يناير 2015

Methods of selecting the optimal projects - PMP - ادارة المشاريع


Methods of selecting the optimal projects
  1. Constrained Optimization Project selection methods are used for large projects. These are techniques based on mathematical models. The Constrained Optimization techniques are -
    • Linear Programming
    • Non-Linear Programming
    • Integer Algorithm
    • Dynamic Programming
    • Multi-objective Programming
  2. Expected monetary value of a project (or expected value) is equal to probability impact. So if probability of a project's success is 20% and revenue earned if successful is $100000, then the net value of the project will be $20,000. A project with higher net value should be selected when performing project selection.

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