1. Using only financial criteria to evaluate projects that enhance employee safety or reduce detrimental environmental impact
2. Changing assumptions or estimates for projects solely so that they will meet required criteria for investment approval
3. Using an inappropriately low discount rate relative to the risk of a project so that the project will generate a positive NPV and be acceptable
4. Failing to conduct postinvestment audits to hold project sponsors accountable for differences between the investment proposal and actual results achieved by projects
5. Choosing projects based only on their impact on accounting earnings and not on discounted cash flow analyses