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Project Management - Methods of Selecting Projects

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toguratu's version from 2015-10-15 18:09

Section 1

Question Answer
Method 1Focusing on broad organizational needs
Method 2Categorizing information technology projects
Method 3Performing net present value or other financial analyses
Method 4Using a weighted scoring model
Method 5Implementing a balanced scorecard
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Section 2

Question Answer
What is NPV?Net Present Value Analysis
What is ROI?Return on Investiment. The higher the ROI, the better. Always a percentage.
What is PBP?Payback Period - the amount of itme it will take to recoup, int he form of net cash inflows, the total dollars invested in a project.
What is DCV?Discounted Cash Value
Waht is IRR?Internal Rate of Return
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Section 3

Question Answer
ROI=(total discounted benefits - total discounted costs)/discounted cost
DCV= (cash flow "n" years from today) / (1 + r) at n
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