Every project has its own set of start-up tasks but before adding to a current portfolio, companies should utilize certain criteria to figure out if a project is worth the hassle. Evaluating different criteria is beneficial to every company. It allows companies to determine the strengths and weaknesses that comes with the decisions they make. The first key criteria regarding Keflavik’s project portfolio is the total price of the project. Knowing the total price of a project allows the team to know what resources are available and in the budget which decreases the cost of development and makes it more likable. To add, risk associated with a project is a major component. This means that in order to maintain or produce a successful project, the
