There is a wealth of information available on how companies can select projects

Question

There is a wealth of information available on how companies can select projects which will be profitable, how to align projects with a company's strategic objectives, how to evaluate proposals, and in general, how to have a successful project.   Yet while projects today are more successful than ever, a substantial number still fail.

Consider some projects that you have worked on either at your job (e.g. office software upgrades, new accounting system, moving to a new location) or in your personal life (e.g. a wedding, modernizing a kitchen, an extensive vacation). Please try and explain why the project you worked on was successful or a failure.

Set up the two team, fixed talent model with two teams (one small market, one large) and label on your graph the winning percentage for each team, marginal revenue, average revenue, price of talent, and payrolls. (Label all curves and axes.)

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