Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

the project fits to the organization strategy.

Explanation:

A project can be defined as a set of actions which typically involves the process of designing, developing, planning, execution and implementation of these plans for the creation of a product or creative work.

There are various criteria that are to be considered when selecting a project and these are;

1. Availability of resources.

2. Probability of success.

3. Economic policies.

4. Target market.

5. Availability of data and capital.

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is to determine if the project fits into the organization's strategy.

This is to ensure that the aim, goals, and objectives defined by the organizational strategy is in tandem with the project before it would be selected and approved by the top executives or senior management of an organization.

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