There are two basic types of project selection models: non-numeric and numeric. As a project manager, you should prepare a report that provides an overview of the selection criteria, selection models, and management processes. Your short paper should do the following:
Compare and contrast the advantages and disadvantages of non-numeric and numeric selection models.
Describe how selection criteria are developed and used for the selection and prioritization of projects.
Describe management’s process for choosing a project selection model. How does it align with the organization’s mission?