Project Selection Techniques

COURSE OUTLINE:

Description

Having the right mix of projects in the corporate portfolio is often the key to proving the value of project management to upper management. In this short course, you'll learn techniques for assessing the financial benefits of potential projects. You'll also learn the importance of risk in project selection.

Virtual headsets do not include materials or headsets.

Audience

PMP-certified project managers, IT project managers, project coordinators,project analysts, project leaders, senior project managers, team leaders,product managers, program managers, project sponsors, and project team memberswho want to continue to develop their skills and renew their PMP certification.

Learning Objectives

  • Techniques for assessing a project's financial return
  • Tips for selecting the best projects
  • Account for risk in project selection

1. Overview

  • Cost-Benefit Analysis
  • Types of Costs
  • Additional Terms

2. Project Identification and Categorization

  • Identifying Potential Opportunities
  • Categorizing and Grouping Projects

3. Cost-Based Evaluation Techniques

  • Payback Period
  • Return on Investment
  • Benefit-Cost Ratio
  • Net Present Value
  • Internal Rate of Return

4. Making Recommendations

  • Presenting the Data
  • Return on Investment
  • Resource and Asset Capacity
  • Scoring Techniques
  • Selection Tips

5. Risk and Project Selection

  • Assessing Risks
  • Factoring in Risk
  • Identifying Risks
  • Mitigating Risks