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Besides making money, there are many other reasons for a project to be selected, including the following:
- Keeping up with competitors
- Meeting legal requirements, such as safety or environmental protection
- Improving the organization’s public image
The timing of the project can be very important. A project might be selected at a particular time of year for some of the following reasons:
- Accumulating a year-end budget surplus
- Increasing executive bonus for the year or quarter
- Funding or certification review deadline
If the project manager must make changes to the schedule at some point in the project that could affect its completion date, it is valuable to know if the project was selected because of timing.
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