Assume you are either Mike or Josh; how would you go about making a decision using project management methodology?

One evening when they were arguing with each other over beers with friends, Sara said, “Why don’t you use what you learned in your project management class to decide what to do?” Josh and Mike looked at each other and agreed that made perfect sense.
1. Assume you are either Mike or Josh; how would you go about making a decision using project management methodology?
2. Looking first at only cost, what decision would you make?

3. After cost, what other factors should be considered before making a decision?
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