How you will determine the expected value of the project

Reference no: EM132280938

Assignment: Project Valuation

Although there are many different methods for selecting projects, they may be grouped into two fundamental types for the purpose of determining their value to the organization:

1. Non-numeric.

2. Numeric.

The former does not use numbers for valuation, but the latter does. Some process improvement or software installation projects can be hard to quantify when the project seeks to increase the satisfaction of physicians, staff, and patients.

Instructions: Discuss how you will determine the expected value of the project. Explain whether your proposed project is easily quantified or whether you will need to use some non-numeric information for calculating the value of the project.

Include the following:

• Examine the sources of information that can be used for budgeting.

• Determine the probability that the information is correct. Would simulation increase the accuracy? Why or why not?

Reference no: EM132280938

Questions Cloud

Discuss the advantages of having project charter : Discuss the advantages of having a project charter? What are three key elements of the charter that assist the project manager in leading the project?

What is a stability strategy : What is a stability strategy? Why might an organization choose a stability strategy?

Develop a change management strategy : BSBINN601 Lead and manage organisational change - Why is it important to analyse an organisation's objectives when identifying change requirements

Conceptualize a vision and synchronize : Leadership requires the ability to conceptualize a vision and synchronize a staff activity to develop a long-range plan of action.

How you will determine the expected value of the project : Discuss how you will determine the expected value of the project. Explain whether your proposed project is easily quantified or whether you will need.

Come up that interfere with your planned study time : What is your "Plan B," if unexpected things come up that interfere with your planned study time?

Project tasks are completed by the deadlines established : Discuss how the team can manage their time effectively to ensure their assigned project tasks are completed by the deadlines established.

Arguments for and against globalization : Do those who protest against globalization make any valid point(s) that all people, whether for or against globalization, should consider?

Seattle based american medical response : Seattle based American Medical Response (AMR) which provides EMT services to the Seattle area is going through a change regarding their pay scaled

User Account

All Pages