- Chapters 2 & 3 in Project Management Toolbox
- Part 1, Section 4.1 and Part 2, Section 2 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 6th edition
- Caballero, H. C., Chopra, S., & Schmidt, E. K. (2012). Project
portfolio selection using mathematical programming and optimization
methods. Paper presented at PMI® Global Congress 2012—North America,
Vancouver, British Columbia, Canada. Newtown Square, PA: Project
Management Institute. Retrieved from https://www.pmi.org/learning/library/portfolio-selection-mathematical-programming-optimization-6074
- Tekes, G., & Cavarec, Y. (2013). Benefit realization in
execution focused companies vs. project management excellence: what
really matters? Paper presented at PMI® Global Congress 2013—North
America, New Orleans, LA. Newtown Square, PA: Project Management
Institute. Retrieved from https://www.pmi.org/learning/library/benefit-program-management-5838
- Batra, R., & Verma, S. (2017). Capital budgeting practices in Indian companies. IIMB Management Review, 29(1), 29-44.
- Geng, S., Chuah, K. B., Law, K. M. Y., Cheung, C. K., Chau, Y. C.,
& Rui, C. (2018). Knowledge contribution as a factor in project
selection. Project Management Journal, 49(1), 25–41. Retrieved from https://www.pmi.org/learning/library/knowledge-contribution-project-selection-11062
you are drafting an email to a colleague to explain how he/she can use
Excel to solve one of the economic models used for project selection.
Provide a detailed, step-wise instruction for one of the economic models
discussed in Chapter 2 of the textbook and specify the inputs, Excel
formula, and output data. You can use Lynda.com to review videos that
provide additional information on economic models.
Be sure to post an initial, 250-word substantive response by Thursday
at 11:59 p.m. MST and respond to two or more peers with substantive
responses by Sunday at 11:59 p.m. MST. A substantive initial post
answers the question presented completely. Substantive peer responses
ask a thoughtful question pertaining to the topic and/or answer a
question (in detail) posted by another student or the instructor. Or,
you can include applicable personal experience or additional resources
concerning the discussion topic.
Reference at least one credible source among the required or
recommended readings and an outside, credible reference (a reference
other than the textbook or readings), cited according to proper CSU-Global Guide to Writing and APA (Links to an external site.) standards.
interesting challenge for us in the Discussion in Module 2. We are now
delving into the economic models used for project selection. Pick one of
the models discussed in Chapter 2 of the textbook. Talk to the inputs
for the model you choose, describe (provide a graphic if you will) the
MS Excel formulas, and then the output. There are videos on Lynda.com
that will help.
If you have personal experience with the selection process and have used a model to assist – tell us about it.