QUANTITATIVE DECISION-MAKING APPLIED TO PROJECT SELECTION

Selection of projects often is done solely on the basis of cost. What constitutes a good project, however is determined by several factors, each important in its own right but of different relative importance in the total consideration. A quantitative approach is given whereby all factors are weighted and each potential project graded to determine its relative desirability. The factor weights and grading scale are determined objectively and examples are used to demonstrate the process.

• Corporate Authors:

  Society of American Value Engineers

  Windy Hill Suite A-1, 1741 Roswell Street
  Smyrna, GA  United States  30080
• Authors:
  • Manelis, R E
• Publication Date: 1969-12

Media Info

• Pagination: p. 17-19
• Serial:
  • Journal of Value Engineering
  • Volume: 69
  • Issue Number: 4
  • Publisher: Society of American Value Engineers

Subject/Index Terms

• TRT Terms: Decision making
• Subject Areas: Administration and Management; Marine Transportation;

Filing Info

• Accession Number: 00005552
• Record Type: Publication
• Source Agency: Engineering Index
• Files: TRIS
• Created Date: Nov 25 1970 12:00AM