Which project selection method evaluates a project based on operational continuity?

The project selection method that evaluates a project based on operational continuity is the "Operating necessity." This approach focuses on ensuring that the projects selected are essential for the ongoing operations of the organization. It typically encompasses projects that are critical for maintaining or enhancing operational capability, such as those required for compliance, safety, or essential system upgrades. By prioritizing projects based on their necessity for operational functioning, organizations can sustain their core activities and address any immediate operational challenges.

While the other methods may consider various factors, they do not specifically emphasize the continuity of operations in the same way. For instance, the competitive necessity model focuses on projects that enhance competitive advantage, while numeric project selection models use quantitative measures to assess potential returns or impacts without necessarily tying them directly to operational continuity. The net present value method evaluates the profitability of a project by assessing future cash flows in present terms, but again it does not inherently prioritize operational necessity.