Abstract

The purpose of this paper is to investigate the factors that influence decision making in the selection of projects in renewable energy sector of Zambia. Project selection and development of a portfolio of projects in line with corporate strategy is an important task of decision makers in the renewable energy sector of both public and private organizations. The selected projects have to meet the appropriate time frame for completion and delivery, a suitable risk profile and other distinct factors in order to pursue corporate objectives successfully. A modified Delphi approach was applied in this study to investigate the factors that contribute to optimal selection of projects in the renewable energy sector of Zambia. The significance of the findings in this research established which critical factors decision makers must be considered when building up their project portfolio and considering the value of their investment.

Key words: Project selection, renewable energy, strategic decision making, Zambia.