When does a project with questionable viability, warrant further investment?
There are cases in which projects, which evaluate to a negative mean probable value, are worth investing in. There are also cases in which projects that evaluate to a positive mean probable value, should not be invested it. The author will present a model for “project-control” which includes an adaptation of a well know grade-control concept.
grade-control, predicting project value, Economic analysis, economic filtering, Project evaluation