Impacts on an organizations project selection practices

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Assignment:

A- Project Selection Issues

In 2002, the Norwegian University of Science and Technology instituted a research program to study the impact of a front-end decision-making regime established two years before improving major Norwegian public projects. This decision-making regime added two external reviews to the project review and approval process. The first review focused on the quality of the conceptual solution; the second review focused on the quality of the cost estimate and governance processes. The research identified ten situations ("paradoxes") where counter-intuitive decisions adversely influenced the project selection and approval process (Samset & Volden, 2016).

Select two paradoxes that apply to project selection practices in an organization.

Explain the selection(s) and describe the impacts on an organization's project selection practices.

B- Public-Private Partnerships

Martin (2016, p.199) presents a taxonomy of six types of public-private partnerships based on the number of components (design, build, finance, operate, and maintain) the private partners undertake.

- Select one and provide a specific example.

- Describe the public and significant private participants, the risks borne by each, and the attendant rewards.

Reference no: EM134016771

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