Discussion - Shared Practice: Evaluation Methods
To prepare for this Discussion: Shared Practice, review the evaluation methods utilized by organizations for decision making.
Consider your professional experience, knowledge gained from this week's resources, and/or additional research.
Post:
• 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).
• 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.