Sustainable Investment Decision Making in Project Management

There has been growing sense of knowing the importance and effectiveness of capital budgeting as an important aspect of project management. Strategic evaluation in decision regarding investment is relevant in project management to get long-term gain and analytical aspects. The internal rate of return and pay-back period are widely employed and having net present value. Process of evaluation and selecting long term investment that are consistent with the business's goal of maximizing owner wealth, any organization may gain only from its resources and give the leverage to its business and project and take the competitive advantage. The aim of an investment decision system (IDS) gives the relevant aspect whether the project would be accepted or rejected. Sustainable investment decision making requires a work flow in which all disciplines work fluidly and in harmony to make various facets related to project investment transparent to the organization. In this way, investment criteria may be openly and thoroughly vetted by the organization ensuring that these investments will achieve the greatest return for company and its stakeholders. Finally we can conclude that a stakeholder is anybody directly or indirectly impacted by the project. There are three primary objectives for any project: Deliver the project, Maximizing value for customers, Minimizing waste. The PLC possesses several characteristics that make it an ideal candidate to serve as a common thread to coordinate strategies. The success of a project will depend critically upon the effort, care and skill applied in its initial planning. This study reveals that payback period, net present value, followed by internal rate of return appears to be the most used methods across the different sizes and sectors of business. The findings show that the more complicated methods such as IRR and NPV are most favored by the large business as compare to small business.