Project Selection Methods and Initial Documents Report (SingularLogic)

This report examines project selection methods and initial documents for SingularLogic, a software and IT solutions company. It explores various project selection processes, including constraint optimization, linear programming, and qualitative methods such as the Delphi method. The report also analyzes the initiation process group based on the PMBOK, emphasizing the development of the project charter and stakeholder identification. It highlights the creation and use of project documents like the Project Initiation Document (PID), which defines scope, justifies the project, and outlines responsibilities. The report emphasizes the importance of both quantitative and qualitative methods for making informed project investment decisions, aligning project goals with organizational objectives, and ensuring project success.

Running head: PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Project Selection Methods and Initial Documents
(SingularLogic)
Name of the student:
Name of the university:
Author Note

1PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Executive summary
SingularLogic is a current-day integrated and Software IT group from Greece. This has been a
frontrunner of the market in the area of Business Software Licensing along with Business Software
Services. Their enterprise division has been emphasizing on scheming and deploying of the
integrated IT solutions. These are intended for other huge enterprises existing in the private sectors.
In this study, the suitable project selection methods for their project are investigated. Next, various
processes to conduct the project selection methods have been analyzed. Further, the PMBOK or
Project Management Body of Knowledge has been taken into consideration and the report evaluates
the beginning process group and documents of SingularLogic’s project used or settled as inputs for
their latest project.

2PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Table of Contents
Introduction:..........................................................................................................................................3
Determining and justifying proper project selection processes for SingularLogic:..............................3
Processes to conduct the project mentioned above selection methods:.................................................4
Linear programming:.........................................................................................................................5
Nonlinear programming:...................................................................................................................5
Integer programming:........................................................................................................................5
Dynamic programming:.....................................................................................................................5
Multiple Objective Programming:.....................................................................................................6
Delphi Method:..................................................................................................................................6
Powell Barkhi Method:......................................................................................................................6
Describing the initiation process group along with project documents used as inputs for
SingularLogic’s new project:.................................................................................................................7
Conclusion:............................................................................................................................................8
References:............................................................................................................................................9

3PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Introduction:
SingularLogic is a popular Integrated and Software IT solutions business located in Greece.
It is one of the leaders of the market in Business Software Licensing and Business Software
Services. Their enterprise division focusses on designing and implementing integrated IT solutions
intended for other huge enterprises of private sectors. This also includes the supporting and
distribution of well-established global IT products. The software division concentrates on
distribution and development of business software applications. Further, the integrator division
emphasizes designing and deployment of integrated information technology solutions for public
sector businesses. This division also engages collation and then broadcasting of election outcomes
and involved European programs. The following report investigates the appropriate project selection
methods for the project of SingularLogic. Then the processes of conducting the project selection
methods are evaluated. Then, the PMBOK or Project Management Body of Knowledge is
considered and the study demonstrates the initiation process group and documents of the project
used or created as inputs for the new project.
Determining and justifying proper project selection processes for SingularLogic:
The right project is helpful for SingularLogic to grow their business and then earn
recognition. For the present case, the project selection processes help choose suitable project having
a better and effective return on investment. Though the benefits measurement method could be
sufficient to reach a decision, nonetheless, the project of SingularLogic being a complex and large
one, the constraint optimization method would be chosen. The latter one is popular for its
mathematical model of the project selection and complex calculations (Morton, Keisler & Salo,
2016).

4PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
In the simplest case, it indicates the methods to solve problems where one searches for
maximizing and minimizing real function. This is through systematically choosing values of integer
and real variables from the permitted set. The formulation utilizing real-valued, scalar objective
function is the easiest instance (Zhao & Huang, 2017). Further, the generalization of the
optimization techniques and theory or other formulations consists of great areas of the subject of
applied mathematics. This indicates the finding of the values that are available best with few
objective functions within a specific domain. This involves the various kinds of objective function
and kinds of domains. Apart from this type of quantitative method, qualitative methods can also be
involved in the case of SingularLogic. This is because here, non-financial considerations are also to
be considered. It involves the personal biases, security and safety considerations, political reasons
customer and investor requests and so on (Gür, Hamurcu & Eren, 2016).
The project, as mentioned above, the selection method would provide SingularLogic’s
project with techniques and tools for choosing the appropriate one among various alternatives.
Further, the non-financial criteria for the project selection us also to be taken into consideration.
Here, stakeholder’s expectations, customer satisfaction, political problem and customer relationships
are also the criteria to be categorized as non-functional criteria to choose projects. These selections
are vital measures before deciding on project investment (Kudratova et al., 2020). The study of
project selection must be performed from the end of various professionals having strong idea and
knowledge of those chosen methods. Hence, both qualitative and quantitative methods are to be used
for selecting the project of SingularLogic. They must define their clear guidelines for the methods
and procedures of project selection that are to be used.

5PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Processes to conduct the project mentioned above selection methods:
Below a comprehensive look is provided for the constraint optimization method that could be used
for SingularLogic.
Linear programming:
It is the programming method involving the bringing down o project cost by reducing the
time needed to finish that,
Nonlinear programming:
This aims to resolve optimization issues in projects in the place where some functions and
constraints are nonlinear. NP or nonlinear programming includes the maximizing and minimizing
nonlinear type of objective functions that are subjected to linear constraints, non-linear constraints,
and linear constraints. Here they are equalities and inequalities (Yang, Su & Song, 2019).
Integer programming:
It emphasizes on integer values instead of the fractional ones. For instance, few products
such as tables can never be fractional. This is a feasibility program or mathematical optimization
where some or every variable is restricted to become integers. At many settings, it indicates where
objective functions and constraints are linear (Li et al., 2016).
Dynamic programming:
The measures include simplification of different complex issues through separating that to a
various simpler level of problems. This indicates to the simplification of complicated problem done
through breaking that to the simple level of sub-problems in a recursive way. As some of the
decision problems can never be taken away in this manner, the decisions spanning various points in
time never break away recursively (Osei-Kyei, Chan & Dansoh, 2019). As any problem is never
solved in an optimal manner in computer science through breaking that to sub-problems and after

6PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
that, finding those recursive manners for the optimal solutions to sub-problem. Here, it is said to be
having optimal substructures.
Multiple Objective Programming:
This concentrates on deciding for various problems through utilizing mathematical
optimization. Here, one decides numerous problems through the help of mathematical optimizations.
As in any multi-objective programming, any single solution could never be optimized for every
problem, and the issues could be stated to conflict (Parvaneh & El-Sayegh, 2016). Here, a
probability is there for multiple optimal level solutions. The solution is known to be non-dominated
as the values of none the issues are optimized despite any degrading type of value of other issues.
For the qualitative project selection method the following techniques can be used.
Delphi Method:
It is a structured communication method or technique. This is mainly developed as the
interactive and systematic forecasting method. It depends on the expert panels. The technique could
be adapted for using the meetings face-to-face and it is known as mini-Delphi and Estimate-Talk-
Estimate (Shafahi & Ameri, 2017).
Powell Barkhi Method:
The evolutionary type of Powell’s method, for finding the local minimum of any function,
attempts to retrieve the global minimum of the loss function that involves error function and cost
function. It occurs at discrete space indicating that every variable could only occur on a finite
number of various unique values. The Powell Barkhi method investigates the financial advantages of
any project having a fuzzy kind of benefits.

7PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Describing the initiation process group along with project documents used as
inputs for SingularLogic’s new project:
This is performed through considering the PMBOK or Project Management Body of
Knowledge group. Firstly, the project charter must be developed. This should assist project
managers in defining boundaries across the project such that every objectives and expectation are
clear from starting. The stakeholders, along with other vital elements, are included in communication
for boosting the prolonged success of the project and clarify goals at initial and long-term levels.
Next, the stakeholders are to be identified. This involves the identification and quantification of
every stakeholder and various others affected by the project. This is essential to ensure that plans are
set for mitigating push backs that can stall SingularLogic’s project (Kudratova, Huang & Zhou,
2018). This involves understanding the main players and the determination of peripheral situations
affecting the success of projects. This is a vital expenditure done on the time and energy of the initial
steps of projects. The other considerations include being careful about constructing inputs of
projects like preparing project charter along with setting needs of procurement in the proper place.
Then making communication with the necessary elements for analysing organizational processes and
environmental factors can alter the success of projects is vital steps. This is to generate an overall
project charter to be possible (Huang, Zhao & Kudratova, 2016). Further, some project documents
are to be created and then used in the form of inputs for SingularLogic. This could be accomplished
through generating PID or Project Initiation Document which is the top-level project planning
documents for their project. Within that, they can bring together every data required for getting the
project to be started. That key information is to be communicated to the stakeholder of the project
(Yilmaz & Antmen, 2019). Having the project initiation document well-put-together can let all the
people know where the project is heading from the outset. The project initiation document must
perform the following steps. It must define the scope and project and justify the project. As needed,

8PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
this should secure the project funding. Further, the responsibilities of project participants are to be
defined. It provides people with the data they require to stay productive and influential from the
beginning.
Conclusion:
Prior to the resources are committed to SingularLogic’s project, the cause of the proposal and
advantage are intended to provide the necessity to get understood by people under the places
empowered for making decisions. This is regarding the expenditure of their resources. Selecting the
organizational projects are performed typically with the measure of classification with reviewing the
business case of the project. The above study is helpful to understand every PMBOK process groups,
their roles and areas. This has impacts and relevance of the best practice of project management and
the Code of Ethics of PMIs. Then one must critically contrast and compare project management
approaches with suitability to manage various types of projects. Moreover, suitable project
management techniques and tools to be applied learnt from the above study with paying specific
attention towards risk management.

9PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
References:
Gür, Ş., Hamurcu, M., & Eren, T. (2016). Using analytic network process and goal programming
methods for project selection in the public institution. Les Cahiers du MECAS, 13, 36-51.
Huang, X., Zhao, T., & Kudratova, S. (2016). Uncertain mean-variance and mean-semivariance
models for optimal project selection and scheduling. Knowledge-Based Systems, 93, 1-11.
Kudratova, S., Huang, X., & Zhou, X. (2018). Sustainable project selection: Optimal project
selection considering sustainability under reinvestment strategy. Journal of Cleaner
Production, 203, 469-481.
Kudratova, S., Huang, X., Kudratov, K., & Qudratov, S. (2020). Corporate sustainability and
stakeholder value trade‐offs in project selection through optimization modeling: Application
of investment banking. Corporate Social Responsibility and Environmental Management,
27(2), 815-824.
Li, X., Fang, S. C., Guo, X., Deng, Z., & Qi, J. (2016). An extended model for project portfolio
selection with project divisibility and interdependency. Journal of Systems Science and
Systems Engineering, 25(1), 119-138.
Morton, A., Keisler, J. M., & Salo, A. (2016). Multicriteria portfolio decision analysis for project
selection. In Multiple Criteria Decision Analysis (pp. 1269-1298). Springer, New York, NY.
Osei-Kyei, R., Chan, A. P., & Dansoh, A. (2019). Project selection index for unsolicited public–
private partnership proposals. International Journal of Construction Management, 1-12.
Parvaneh, F., & El-Sayegh, S. M. (2016). Project selection using the combined approach of AHP and
LP. Journal of Financial Management of Property and Construction.

10PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Shafahi, Y., & Ameri, M. (2017). Project selection and scheduling optimization for the multi-period
network design problem.
Yang, J., Su, J., & Song, L. (2019). Selection of manufacturing enterprise innovation design project
based on consumer’s green preferences. Sustainability, 11(5), 1375.
Yilmaz, D. E., & Antmen, F. (2019). Project Selection Method Based on Balanced Scorecard
Framework. Business and Economics Research Journal, 10(5), 1179-1187.
Zhao, T., & Huang, X. (2017). Optimizing project selection: a perspective from resource constraints.
Optimization, 66(11), 1863-1878.