About Workshop
Strategic and Financial Perspective
Course Overview
While the functions of managing a project fall in operational management category, project selection is an exclusive domain of strategic and financial decision making. Success of a project lies on choosing the right project at the first point. The project managers merely execute the project activities; they have little control over the benefits of the project outcomes. Benefits of the project outcome will be primarily dependent on whether right project was chosen. Therefore, in today’s project based corporations selection of viable projects has become a crucial success factor.
This course is all about using the methods, tools and techniques available to measure the merits of the projects to decide on whether to pursue the projects or not. At the end of the course you will be able to –
1. Understand projects and identify criteria for choosing project selection models;
2. Identify project evaluation factors;
3. Understand and use non-numeric project selection models;
4. Understand and use numeric (profitability) project selection models;
5. Develop project scoring models;
6. Choose right information for project evaluation;
7. Understand and apply Project Portfolio Process;
Speciality of the Course
This is a case based course and extensively focused on gaining practical skills with integration of IT tools.
Workshop topics to be covered:
Session 1: Understanding Projects and Project Selection Model
Project and Project Parameters;
Criteria for Choosing Project Selection Models
Project Evaluation Factors
Session 2: Project Selection Models
2.1 Non-numeric Models
The Sacred Cow
Operating Necessity
Competitive Necessity
Product Line Extension
Comparative benefit model;
2.2 Numeric Models:
Payback Period
Average Rate of Return
Discounted Cash Flow
Internal Rate of Return
Profitability Index
Evaluating Profitability Models
Session 3: Project Scoring Models
Un-weighted 0-1 factor model;
Un-weighted factor scoring model;
Weighted factor scoring model;
Constrained Weighted factor Scoring Model;
Evaluation of Scoring Models;
Choosing the Right Selection Model
Session 4: Choosing Right Information for Developing Project Selection Models
Accounting data;
Measurement;
Subjective versus objective data;
Quantitative vs Qualitative Data;
Reliable versus Unreliable data;
Valid versus Invalid;
Uncertain Information
Session 5: Project Portfolio Process
Understanding PPP;
Project Council
Project Categories and Criteria
Project Data
Assess Resource Availability
Reduce the Project and Criteria Set
Prioritize the Projects within Categories
Select the Projects to be Funded and Held in Reserve
Implement the Process
* Each session will have practical cases and solutions.
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