{"id":62607,"date":"2021-05-17T20:35:52","date_gmt":"2021-05-18T00:35:52","guid":{"rendered":"http:\/\/bangla.salearningschool.com\/recent-posts\/how-a-project-is-selected-part-2-initiating-projects-pmp-project-management\/"},"modified":"2025-04-29T21:41:32","modified_gmt":"2025-04-29T21:41:32","slug":"how-a-project-is-selected-part-2-initiating-projects-pmp-project-management","status":"publish","type":"post","link":"http:\/\/bangla.sitestree.com\/?p=62607","title":{"rendered":"How a project is selected? Part -2 : Initiating Projects #PMP – Project Management"},"content":{"rendered":"

How a project is selected?<\/strong><\/p>\n

Project Selection:<\/strong>
\nA particular project may have different alternative solutions. A company may have multiple project plans and they need to select one of them.<\/p>\n

But How?<\/strong><\/p>\n

1. Scoring Model:<\/strong> Identify some matrix to find which project strategy is better or which project will be more profitable. Assign values for these parameters and select which one provides greater value.<\/p>\n

2. Benefit contribution:<\/strong> Use cost benefit analysis, short term and long term cost benefit analysis.<\/p>\n

3. Economic models:<\/strong><\/p>\n

Benefit Cost Ratio
\nCash Flow
\nInternal Return Rate
\nPresent Value and Net Present Value
\nOpportunity Cost
\nDiscounted Cash Flow
\nReturn on Investment<\/p>\n

 <\/p>\n

  From: http:\/\/sitestree.com\/?p=11408
Categories:PMP – Project Management
Tags:
Post Data:2017-10-17 13:46:21<\/p>\n

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How a project is selected? Project Selection: A particular project may have different alternative solutions. A company may have multiple project plans and they need to select one of them. But How? 1. Scoring Model: Identify some matrix to find which project strategy is better or which project will be more profitable. Assign values for … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1917,187],"tags":[],"class_list":["post-62607","post","type-post","status-publish","format-standard","hentry","category-fromsitestree-com","category----project-management-basics","item-wrap"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":62609,"url":"http:\/\/bangla.sitestree.com\/?p=62609","url_meta":{"origin":62607,"position":0},"title":"Economic Models of Project Selection. Part – 3: Initiating Projects #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 17, 2021","format":false,"excerpt":"Economic Models of Project Selection. Part - 3: Initiating Projects [At a later time, we will provide the details] Benefit Cost Ratio Cash Flow Internal Return Rate Present Value and Net Present Value Opportunity Cost Discounted Cash Flow Return on Investment From: http:\/\/sitestree.com\/?p=11410 Categories:PMP - Project ManagementTags: Post Data:2017-10-17 13:49:20\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62231,"url":"http:\/\/bangla.sitestree.com\/?p=62231","url_meta":{"origin":62607,"position":1},"title":"Initiate a Project #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 15, 2021","format":false,"excerpt":"Initiating Projects How a project starts? Projects are done for one of the following three reasons Business Requirements: Example: The government requires airline companies to implement safety-management systems. A company needs to find out the success of their ecommerce web-site. Opportunities:To take advantage of an opportunity like technology breakthrough. Example:\u2026","rel":"","context":"In "Project Management"","block_context":{"text":"Project Management","link":"http:\/\/bangla.sitestree.com\/?cat=141"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62722,"url":"http:\/\/bangla.sitestree.com\/?p=62722","url_meta":{"origin":62607,"position":2},"title":"Tools. Part 3 : Project Quality Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Tools: Cost benefit analysis Benchmarking Cost of quality (Details will be added at a later time) From: http:\/\/sitestree.com\/?p=11476 Categories:PMP - Project ManagementTags: Post Data:2017-10-17 15:28:43 Shop Online: https:\/\/www.ShopForSoul.com\/ (Big Data, Cloud, Security, Machine Learning): Courses: http:\/\/Training.SitesTree.com In Bengali: http:\/\/Bangla.SaLearningSchool.com http:\/\/SitesTree.com 8112223 Canada Inc.\/JustEtc: http:\/\/JustEtc.net (Software\/Web\/Mobile\/Big-Data\/Machine Learning) Shop Online: https:\/\/www.ShopForSoul.com\/ Medium:\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62746,"url":"http:\/\/bangla.sitestree.com\/?p=62746","url_meta":{"origin":62607,"position":3},"title":"Cost Control in Short : Part – 6: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Control in Short : Part - 6: Project Cost Management Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed Performance Measurement Analysis Calculate Earned Value, Planned\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62748,"url":"http:\/\/bangla.sitestree.com\/?p=62748","url_meta":{"origin":62607,"position":4},"title":"Cost Control in Details : Part – 7: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Control in Details : Part - 7: Project Cost Management (Details will be provided at a later time, so now, in short) Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62565,"url":"http:\/\/bangla.sitestree.com\/?p=62565","url_meta":{"origin":62607,"position":5},"title":"How to monitor project using Microsoft Project #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 17, 2021","format":false,"excerpt":"Monitoring project progress and controlling project progress are very important in timely delivery of projects. These are also essential in keeping project costs within budget. The following articles will help you to understand project monitoring in Microsoft Project Manage costs during the project life cycle Keep project costs within your\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62607"}],"version-history":[{"count":1,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62607\/revisions"}],"predecessor-version":[{"id":78048,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62607\/revisions\/78048"}],"wp:attachment":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62607"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}