ABSTRACT
Many companies have critically examined their capital construction programs and have determined that, overall, the financial returns of their projects only average 1/3 to 1/2 of the amounts shown in the project justification documents.. These same companies along with project management consultants have determined that the major reason for these nlissed objectives is generally not due to the project execution, but is due to the project selection. Yes, bad project execution can be devastating to a project's success, but the selection of the wrong project will guarantee failure.
