Review the evaluation methods utilized by organizations for decision making. Consider your professional experience, knowledge gained from various resources, and/or additional research.
Submit the following with references:
1. Evaluate the advantages and disadvantages of the various decision-making tools listed (e.g., regular payback, discounted payback, net present value (NPV), internal rate of return (IRR), and modified internal rate of return).
2. Describe a project scenario in which you would recommend one method, or a combination of methods, as being more effective than others. Draw from your professional experience and/or additional research, and provide a rationale for your recommendation.