Which selection criteria focuses on justifying projects through documented outcomes?

The competitive necessity model is centered on assessing projects based on their ability to fulfill critical business needs that align with the company's strategic goals. It emphasizes the importance of justifying initiatives through documented outcomes, demonstrating how a project can lead to significant competitive advantages or meet essential operational requirements. This model helps organizations prioritize investments by providing a clear rationale that is backed by data and measurable results.

In contrast, operating necessity pertains to projects considered essential for ongoing operations and maintenance, while the payback period evaluates the time it takes to recoup an investment. Sacred cow projects refer to initiatives that may receive support regardless of their merits or documented outcomes because of their historical significance or the influence of key stakeholders. By focusing on documented outcomes, the competitive necessity model ensures that decisions are driven by data and aligned with the strategic vision of the organization.