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Business criteria - List the economic parameters and their threshold values for project acceptance, such as:-Proposed Budget, Pay Back Period, Net Present Value and ROI – Return On Investment.
Logistical criteria - List other non-quantified considerations for project acceptance. This includes strategic initiatives, such as market horizontal expansion, or business imperatives such as regulatory compliance.
Project selection criteria mean:
Net Present Value
The Internal Rate of Return
The recovery time on investment
The Profitability Index
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