Project Selection Factors

Business factors

§  Expected return on investment,

§  Payback period,

§  Potential market share,

§  Ability to generate future business or new markets

Internal operating factors,

§  Need to train employees,

§  Change in workforce size,

§  Change in physical environment,

§  Change in manufacturing process

Risk factors

§  Technical,

§  Financial,

§  Safety,

§  Quality,

§  Compliance

§  Legal exposure

Other factors

§  Intellectual property rights,

§  Impact on company’s image,

§  Strategic fit,

§  Brand perception