ABSTRACT
The most obvious reason that projects are chosen is for financial reasons. There is no doubt about it; companies need to stay in business, bailouts notwithstanding. Companies need due diligence to investigate and analyze the financial aspects of undertaking a project. Once the project is chosen, however, regulations and standards will play a large role in defining the project's success or failure. Unfortunately, having to deal with them in a later stage of the project planning process, or in some cases, during the implementation phase of a project, can have a costly effect on project resources, leading to extending the project's timeline and budget. The decision-making process in project-oriented organizations is fairly clear-cut and easy. Projects are chosen that have a direct impact on the organization's ultimate goal. The project manager will have dedicated staff assigned on a per-project basis. Because of dedicated teams for each project, it is relatively expensive.
