Project Evaluation as Calibrator and Opportunity for Organizational Learning

Abstract

The use of project evaluation and selection tools is becoming more paramount to project management. Project selection involves decision-making and is just one of the many decisions associated with project management. A project is selected because it is expected to have an outcome that contributes to organizational goals. If so, the relationship between a project\u27s expected outcome and organizational goals should be learned and explicitly understood. It is our contention, then, that successful projects start with successful decision making. In this context, our purpose is to support this foundation of the project management process by raising the level of importance and effectiveness of the project evaluation and approval process of our study organization with a recommendation for improvement in terms of calibration to strategic objectives and organizational learning

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