Assessing the relative priority of projects |
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| Authors: | Michael Angling |
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| Affiliation: | Welsh Water Authority, Head Office, Cambrian Way, Brecon, Powys LD3 7HP, UK |
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| Abstract: | Where there are a large number of projects competing for a limited pool of resources, projects have to be assigned priorities to determine which should proceed and which should be curtailed. The traditional economic procedures for assessing the relative priority of projects are reviewed, and alternative methods of ranking projects are suggested, with particular emphasis on methods that are inexpensive and easy to use. |
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| Keywords: | priority decision-making resource allocation |
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