Larson and Gray (2014) describe three classes of projects found in most organizations: (1) compliance or emergency projects; (2) operational projects; and (3) strategic projects. Compliance or emergency projects are those that must be done; operational projects support current operations; and strategic projects support the organizations long-term mission. Disregarding compliance or emergency projects, describe the process used in your organization to determine which projects will be undertaken. What financial selection criteria are considered? Do financial selection criteria generally take precedence over non-financial selection criteria?

project management/finance