IWU Management Payback Period Method & Investments Discussion – Description
INTRODUCTION TO PROJECT MANAGEMENT
Getting Started
Throughout this course, you will have the opportunity to discuss project management concepts, such as project selection methods, with your classmates and your instructor. In this workshop, you will submit a discussion post sharing your perspective on the advantages and disadvantages of a particular project selection method and whether businesses should utilize financial or non-financial selection methods (or both).
RESOURCES
Textbook: Agile Fundamentals: A Comprehensive Guide to Using an Agile Approach
Textbook: PMP Exam Prep
Article: PMI Documents on Ethics: Code of Ethics & Professional Conduct and Ethical Decision-Making Framework
Article: Project Priorities
Video: Kimberly Douglas Speaks on Impact vs. Effort
BACKGROUND INFORMATION
Now that you understand many of the different types of project selection methods a project manager or organization may use when selecting or prioritizing projects, you will share a brief summary of one project selection method (financial or non-financial) and the potential advantages and disadvantages of its use. Additionally, you will share your recommendations, and supporting justification, as to whether you think a firm should utilize financial project selection methods, non-financial methods, or a combination approach (both financial and non-financial).
INSTRUCTIONS
Review the rubric to make sure you understand the criteria for earning your grade.
In Agile Fundamentals: A Comprehensive Guide to Using an Agile Approach, Chapter 3: Value-Driven Delivery
In PMP Exam Prep, Chapter 2: Framework- Project Selection
In addition, read
Article: “Project Priorities”
PMI Documents on Ethics: Code of Ethics & Professional Conduct
Ethical Decision-Making Framework
Watch the following video:
“Kimberly Douglas Speaks on Impact vs. Effort” (2:32)
Select one of the financial project selection methods you learned about in this module. Navigate to the threaded discussion and respond to the following prompts:
Discuss the pros and cons of using that specific method.
Do you think businesses should use a combination of financial and non-financial project selection methods? Why or why not?
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