You are interested in investing $1m to buy a house (condo, townhouse, detached)
A. Pick 3 potential investments 
B. Use the Project Selection/Checklist to decide what is the right house for you. Which approach would you use and why? 
  C.  What are the criteria that you would consider in the checklist and what are the scores? use the table format below as reference to fill up potential answers  

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Approaches to Project Selection Approach Gut Feel / Intuition Simple Qualitative Techniques Financial Measures (ROI, payback period) Complex Financial Measures Multi-dimensional measures Portfolio method and business cases Advantages Fast Fast and easy to share - useful focus for initial discussions Fast and uses simple measurement Considers financial and additional learning benefits Compares on multiple measures and creates score of attractiveness Compares projects on several dimensions and provides detailed evidence around core themes Disadvantages Lacks evidence and analysis - may be wrong Lacks factual information, little or no quantitative information Doesn't account for other benefits - learning, new technologies, understand new markets, etc. More complex and time consuming Allows consideration of different kinds of benefits but level of analysis may be limited Takes a long time to prepare and present Approaches to Project Selection Approach Gut Feel / Intuition Simple Qualitative Techniques Financial Measures (ROI, payback period) Complex Financial Measures Multi-dimensional measures Portfolio method and business cases Advantages Fast Fast and easy to share - useful focus for initial discussions Fast and uses simple measurement Considers financial and additional learning benefits Compares on multiple measures and creates score of attractiveness Compares projects on several dimensions and provides detailed evidence around core themes Disadvantages Lacks evidence and analysis - may be wrong Lacks factual information, little or no quantitative information Doesn't account for other benefits - learning, new technologies, understand new markets, etc. More complex and time consuming Allows consideration of different kinds of benefits but level of analysis may be limited Takes a long time to prepare and present

Answer rating: 100% (QA)

Part A 3 potential investments to buy a house with 1m A condo in a major city Condos are a good option for people who want to live in a central location and have access to amenities like restaurants s... View the full answer