If the discount rate is set too high, long‑term or multi‑phase projects are distorted. In NPV analysis, a high discount rate suppresses future benefits, making long‑horizon projects appear unattractive. In NPC analysis (common in public‑sector evaluations), a high rate can have the opposite effect: it heavily discounts high costs in the outer years and can make multi‑phase, back‑loaded projects appear artificially inexpensive.

Our approach to Program Development is captured in the 3D's – Decisions, Development, and Delivery.

What are our top ranked program development articles of 2023? Do they represent market trends? We were surprised at a few of the results....

What's hot in project development in 2023? The insights on our website provide a good snapshot. Read a few of the fourteen articles and...

USEPA’s recently released memorandum interprets existing regulations requiring state oversight of public water systems' cybersecurity...