2005Quality EngineeringRequires access

Improving Project Selection Using Expected Net Present Value Analysis

John J. Flaig

Open publisher page 16 citations

Abstract

Expected net present values analysis offers the practitioner a more realistic approach to project evaluation and selection. It does this by addressing three key issues: (1) it includes the key process input variables, at both their pre- and postproject completion states; (2) it offers a subjective probabilistic model of the expected project completion timeline; and (3) it uses the time value of money to measure benefits and cost in current dollars.

About this research paper

What this paper is about

Expected net present values analysis offers the practitioner a more realistic approach to project evaluation and selection. It does this by addressing three key issues: (1) it includes the key process input variables, at both their pre- and postproject completion states; (2) it offers a subjective probabilistic model of the expected project completion timeline; and (3) it uses the time value of money to measure benefits and cost in current dollars.

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OpenAlex reports 16 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Expected net present values analysis offers the practitioner a more realistic approach to project evaluation and selection. It does this by addressing three key issues: (1) it includes the key process input variables, at both their pre- and postproject completion states; (2) it offers a subjective probabilistic model of the expected project completion timeline; and (3) it uses the time value of money to measure benefits and cost in current dollars.

Key concepts: Timeline, Net present value, Key (lock), Selection (genetic algorithm), Present value, Computer science, Value (mathematics), Probabilistic logic

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