It was argued that managers have an incentive to see that their own projects get funded (the managerial bias). Design an incentive scheme for project managers that will have the effect of reducing or even eliminating managerial bias.

Be sure to include finance concepts you learned in the first half of this course, such as NPV and/or IRR and/or others, along with other terms or concepts necessary to articulate your answer. If possible, apply your answer to your own company or workplace (if not possible, speak in general terms) . What approach would be best for describing a situation as such?