Discuss the single  most important factor that must be considered when selecting a project. 

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In selecting a particular project, feasibility is by far the single most significant factor. An analysis must be performed to determine any risks, challenges and issues that may arise in the course of the project. It is important to examine all the aspects of a project, including budget, schedule, required resources, etc. They will ultimately decide the outcome of any project.

Even though we may face challenges, it’s important to have enough resources on hand for the short-term as well as long-term. Assessing external factors such as social, economic and political aspects is also important. In order to properly evaluate whether it is even worthwhile taking on proposed ventures from the start, all external factors (social economic political etc.) must be taken into consideration.