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The selection and prioritization of projects must be addressed with a systematic method for the optimal allocation of funds and other resources.
The focus of research so far has been the selection and prioritization of projects among a pool of known projects, ignoring the opportunities and needs of unknown future projects.
A typical E&P decision-making problem faced by national and international oil companies involves prioritization of projects in an investment portfolio in the face of limited financial resources.
For example, in some cases donors have determined the prioritization of projects, which has led to multiple standards and uneven coverage (Boupha et al. 2005).
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Some of the causes are: decision based on pay back and not by energy impact, limitation of investment capital, low prioritization of these projects by the industries [15], lack of information [39], measurement difficulties after implementation [13].
The decision-support analysis described in this brief has engaged a wide variety of stakeholders, opened the door to a broader base of funding sources for health-related interventions, and provided evidence for discussions about equity, access to resources, and prioritization of future projects.
The limited success to date may be due to lack of a management strategy and of prioritization of management projects (Forsyth et al. 2012).
This was used for projects prioritization of preservation and improvement projects.
Especially in times of fiscal and financial belt tightening, where direct funding is almost impossible, the restoration of abandoned mines becomes a difficult task and, consequently, prioritization of the restoration projects is necessitated.
Our planning model takes a multi-process, multi-project, and multi-period perspective Supports the prioritization of process improvement projects with the business value scoring (BVS) model.
Since prioritization of risk mitigation projects is based on risk levels, consistency provides an effective basis for resource allocation.
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