Unformatted text preview: her nothing about the risk of the project being finished on time or budget. Nor does it address any problems that might later arise that were unexpected. The financial method also fails to address any of the company’s present and long-term goals. The best way to choose a model is a method developed by Souder. This method uses five criteria to help aid in project selection method. The five criteria are realism, capability, flexibility, ease of use, and cost. Each is very important and is equally important. This is why a financial method in the L & M power project model selection is a poor model, the financial method only accounts for cost analysis. The only way to account for the five criteria that is outlined by Souder is for the L&M Power to use a nonnumeric method....
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This homework help was uploaded on 04/07/2008 for the course EM 464 taught by Professor Ladd during the Spring '08 term at Washington State University .
- Spring '08