Chapter 3 of the Pinto text discusses project selection and portfolio management. While project screening and selection
Question:
Chapter 3 of the Pinto text discusses project selection and portfolio management. While project screening and selection models provide much guidance for a solid decision making approach, it is important to also consider factors such as risk (technical, financial, safety, quality, legal exposure), commercial issues, and internal operational impacts that may be specific to an organization or contextual circumstances.
Examine the project profile titled "Project Selection Procedures: A Cross-Industry Sampler" as well as Table 3.1, Issues in Project Screening and Selection.
Provide an APA-compliant paper of at least 750 words (3 pages), excluding title page and references, that analyzes the potential impacts of risk, commercial issues, and internal operational procedures on each of the eight organizations mentioned in the brief. Note: You are not expected to research each of the companies in-depth, but instead, based on the information provided in the sampler, discuss risk, commercial issues, and other operational factors that either were or should be considered by each of the organizations.
In your analysis, include:
- A brief summary of the selection and screening methods for each of the eight companies mentioned in the project profile.
- At least two specific examples of impacts for each company that either should be or actually were considered in developing their screening and selection process.
- Reference-based conclusions relative to how every decision model needs to include both objective (factual) and subjective (open to interpretation) contextual considerations. [MO 2.2]
Please provide references