Provide an Example of a Numeric and Non-Numeric Project Selection

question 80

Essay

Provide an example of a numeric and non-numeric project selection model and indicate what advantage each might hold over the other.

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Definitions:

Financial Incentives

Monetary rewards offered to individuals or groups to motivate performance or behavior changes.

Psychological Ownership

The feeling of possessiveness and attachment that a person develops for something they do not legally own.

Legal

Pertaining to laws or the practice of law; conforming to the law or to the rules of a legal institution.

Pay Plan

The system or structure an organization uses to compensate its employees, including wages, salaries, bonuses, and benefits.