Lecture 04 : Project Selection Models

In this video, we will discuss two types of project selection models: Numeric and Non-numeric. Within the Non-numeric model, we will explore methods such as Sacred Cow, Operating Necessity, Competitive Necessity, Product Line Extension, Comparative Benefit, and Sustainability. Additionally, within the Numeric model, we will cover the Payback method, NPV, Scoring method, Window of Opportunity, and Discovery-driven methods.