Problem:
As you may know, organizations can't afford to invest resources in projects which do not meet some accepted level of potential performance, return, or improvement, and solid feasibility studies on projects will incorporate structured consideration of all important factors. Feasibility studies include attention to these measures as quantitative and qualitative benchmarks.
How does an organization systematically identify process performance enhancement opportunities?
Describe briefly the types of project justification techniques that can be used by an organization. What are the strengths and weaknesses of a project justification technique?