Some indicators are better than others in certain circumstances when deciding what projects to take on and which one to reject. I know that Net Present Value, or NPV is usually the most accurate.
What are some other methods of evaluating whether to go forward or not with a project? Make a table with some rules!
For example, some answers would look like:
For two mutually exclusive projects, I would use the ...... rule.
For projects with different lives, I would use the ....rule.
Give as many examples as you can.