Independent project
Independent project is a project that can be accepted or rejected individually.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Independent project. A projects that can be accepted or rejected individually.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Independent projects. Projects with cash flows that are not affected by the acceptance or nonacceptance of other projects.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
