This study addresses the dilemmas and challenges facing senior executives who serve on steering committees or other supervising bodies of large and strategically important initiatives. They ultimately bear responsibility, but they are not in a position that allows them to understand all the...

The selection of projects from a set of possible alternatives is a key decision in any organization. However, all entities that allocate resource budgets across several projects and initiatives face the same fundamental problem: to select the most valuable projects given a finite budget. The...