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Strategic Considerations To Justify A Project
Many financial analysts are very skeptical of the use of strategic considerations to justify a project.
This opinion is largely based on the observation that some of the biggest investment disasters were undertaken based on a "strategic" rationale. However, this type of mind-set can lead to a form of managerial myopia in which the only projects that can survive the firm's acceptance hurdle are those for which future cash flows can be easily identified and forecast.
Consider an office environment with which you are familiar. Over the past decade, what changes in the way the office operates (including communication, document preparation, and scheduling meetings)
Calculate the payoff and the profits for investments
Can the project manager effectively deteremine the functional employee on technical performance? If not, then on what information can the project manager base his evaluation?
Essay Question: You are the project manager working on your project’s schedule. You are reviewing leads and lags. What are leads and lags? Please provide an example of each
First, Forecast the cash flows generated by project X over its economic life. Second, determine the appropriate opportunity cost of capital(r).
With the Cost one calculates PV EV and AC.
Taking a cue from the above, planning is a scrupulous effort that needs to be well documented in order for projects to succeed.
It is important for the project manager to gather data on the work that has already been executed in the project to compare the plan against what is actually happening.
Explain the difference between "primary" and "secondary" research.
Suitability and reliability are two examples of quality in terms of buying materials, goods or services
What were the project drivers in terms of problems and opportunities and go beyond what is state in the video to consider what the unstated drivers might have been
If your MARR is 12% per year, at the end of which year should you dispose of the car?
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