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You have been tasked with evaluating the success of a project. There are a number of different approaches you can take to evaluate the success

You have been tasked with evaluating the success of a project. There are a number of different approaches you can take to evaluate the success or lack thereof. Without any calculations, graphs or diagrams suggest which of the Payback Period, the Discounted Payback Period or the NPV approach you would use. Consider the fact that the management team has an incentive to ensure that the cost of the project is retrieved in the shortest period possible. Give a balanced answer, in other words, if you chose the best option based on the management incentive, state what the downside of this approach is as well. Say why the other approaches will not be optimal.

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