今天,我们将讨论项目选择方法。
No organization has unlimited resources to go after every opportunity. In most cases, they have to select the best option.
所有组织都采用项目选择技术。
假设您的组织有几个建议,但他们不能接受所有建议。因此,他们将选择可以提供最大利润的最小风险选择。通常,品牌认可也是一个因素。
作为项目经理,您可能在选择过程中没有任何角色。但是您应该知道为什么选择该项目以及如何适应组织的战略目标。
Project Selection Methods
You can divide these techniques into two categories:
- Benefit Measurement Methods
- 约束优化方法
Project selection techniques vary in complexity, but the goal is the same: to let organizations select a project with maximum profit and recognition.
Every organization has a defined process that helps them choose projects aligned with their strategic objectives.
Benefit Measurement Methods
福利测量方法是基于估计现金流入和流出的现值的最流行的项目选择方法。在这里,您可以计算所有项目的成本和收益并进行比较。
The following are a few benefits measurement methods:
- Benefit/Cost Ratio
- Economic Value Added
- Scoring Model
- Payback Period
- Net Present Value
- Discounted Cash Flow
- Internal Rate of Return
- Opportunity Cost
Before we discuss these techniques, you need to understand the discounted cash flow.
Discounted Cash Flow
The value of money received today is greater than the money received in the future.
例如,十年后10,000美元的价值将远低于目前的价值10,000美元。
This phenomenon is known as discounted cash flow.
Therefore, consider discounted cash flow while calculating the return on investment.
Now, let’s get back to the benefits measurement methods.
Benefit-Cost Ratio (BCR)
Many experts call this technique the成本效益比.
It is the ratio between the present value of inflow (cost invested in the project) and the present value of outflow (value of return from the project). You will select the project with a higher BCR.
Economic Value Added (EVA)
EVA is a performance metric that calculates the value creation for the organization and defines the Return on Capital (ROC). It is the net profit after deducting all taxes and capital expenditure.
If you have several projects, you will select the one with the higher EVA. Please note that the economic value added is expressed in dollars, not as a percentage.
This technique is also known as the economic model.
Scoring Model
在这里,project selection committee will list a few relevant criteria and weigh them according to importance. Then they will assign marks for these parameters. Finally, the committee will add the marks and get a final score.
The project with the highest score is selected.
Payback Period
This is the time required to recover the cost invested in the project.
If other parameters are equal, you will select the project with a minimal payback period.
净现值(NPV)
This is the difference between the current value of cash inflow and the current value of the cash outflow of the project.
NPV should always be positive, and the project with the highest value is the better option.
内部收益率(IRR)
This is the interest rate at which the net present value becomes zero. In other words, it is the rate at which the present value of the outflow is equal to the present value of inflow.
You should select the project with the highest IRR.
Opportunity Cost
这是您选择另一个项目而失去的。如果您有几个选择,您将选择较低的机会成本的项目。
这些是项目选择中使用的一些好处测量技术。
现在,我们进入了约束的优化方法。
Constraints Optimization Methods
这也称为选择的数学模型,用于需要复杂计算的大型项目。
以下是一些约束优化技术:
- Linear Programming
- Nonlinear Programming
- 整数编程
- Dynamic Programming
这些主题的详细讨论不在PMP认证考试的范围之内;知道这些技术的名称就足够了。
Roles in Project Selection
Upper management, the steering committee, the Project Management Office (PMO), the project selection committee, or any other equivalent group of stakeholders use these methods and select the project.
他们将使用不同的标准,如:
- 他们是否具有完成技术专业知识。
- If they have the resources required.
- If the project will help them achieve their objectives.
Summary
Project selection methods are vital for organizations. The right project helps an organization grow its business and earn recognition.
但是,一个糟糕的选择可能会阻碍进度并损害信誉。项目选择技术可帮助您以更好的投资回报率选择合适的项目。福利衡量方法足以使大多数组织能够做出决定。您将对大型和复杂项目使用约束优化方法。
您的组织使用哪种项目选择方法?请通过评论部分与我们分享。
This is an important topic for the PMP exam; you may see a few questions on it.
Can I find any practical issue in case of selection, Sir?
Hello Moushik, I did not understand your question.
Hello, amazing blog that I just stumbled upon 3 days before my exam! I am taking the PMP exam and been studying intensively for 2 weeks (and months on and off before that)
I just have one question concerning the opportunity cost. One of the mock exams I did had the question of the opportunity cost while selecting project B out of A (250k$), B(200k$) and C(150K$). The answer was 250K$ which I assumed was the highest value of a set of projects( A and C). Can you please confirm?
WHERE CAN I FIND SOME SOLVED EXAMPLES FOR PRESENT VALUE, NET PRESENT VALUE, BENEFITS/COST RATIO, EARNED VALUE MANAGEMENT, INTERNAL RATE OF RETURN, PAYBACK PERIOD.
You can find them here:
//www.utahfilmbank.com/pmp-formula-guide/
感谢您的写作。请您能为我提供项目管理教科书的帮助,我可以拥有PDF
请寻找一些在线商店;例如SmashWords,Amazon或B&N。
thanx兄弟对我来说不是很有用。
欢迎您Aakash。
Am preparing for the exam and you articles are like executive, insightful summaries for me! Thanks
You are welcome Solexmon.
Which type of organization structure are for medium engineering unit.
Organization structure is for an organization, not for a unit.
Is there an Excel template that you can share for Project scoring methodology / technique, which captures all these factors.
Sorry Rakesh, I don’t have it.
This is a very good site. I have been to many other sites and have found this one to be most helpful!
感谢您的所有帮助兄弟。
Kind regards and make it a wonderful day.
感谢克里斯托弗(Christopher)的访问和发表评论。
HI, Could you please explain how can I calculate EIRR/FIRR/NPV/BCR of a development project? Suppose,
the project term-2 years, Project cost -!00 M USD. Components-road construction-50 KM, Drainage-5 kms, bridge-250 meter, project contigency(manpower+utility+equipment)=2M USD.
Regards
I doubt you will see these type of questions in the PMP exam.
Excellent explanation!!. Thanks a lot Mr. Fahad.
You are welcome Gurender.
Thank you so much
You are welcome Motasem.
Thank you so much, this information really helped me with my assignment, really grateful, and appreciate you a lot, thanks so much once again
Thanks Kribz for your comment.
Thank you so much for your help here! We are planning for the test here in California and found no other site as useful!
You are welcome Devon.
Why we chose lesser opportunity cost although we are giving it up and choose other cost.
请用例子解释。
Thanks
You will select the project which gives you high profit and recognition and leave the project which gives you lower profit.
Hello,
谁能告诉我如何使用线性编程在资本预算中选择项目?请。请详细给我发电子邮件。请
Hope below given article will help you
http://ruby.fgcu.edu/courses/tharring/10183/m8_notes.htm
兄弟,你做得很好
God bless you
Thanks Akhtar.
thanks.your note really helped me. feel appreciated.the least I can do
You are welcome Guyo.
Precisely Helpful
Thanks Asad for your visit and comment.
Nicely explained, easy to grasp the concepts, Thank you!
Thanks Chandresh.
Opportunity cost is not clear to me…can u pls explain? You mentioned lesser opportunity cost we will choose that project….how? can u pls clarify?
If you chose one project A over project B. The cost of project B is opportunity cost
What is you have to choose between project A (100,000), project b(150,000) or project C(200,000)?
This information is insufficient.
Any above is fine.
这真的很有帮助且易于理解
thank you !
You are welcome Amel.
谢谢你,这是非常helpful
不客气。
This is the very helpful notes for me very impressive and easy to understand and I am very thankful to the writer.
我很高兴您喜欢Manahil。
Thank you, this was very well explained.
感谢Joana的评论。
您的网站是学习和刷新PMP概念的好地方,他们渴望通过考试。尤其是在考试准备的最后一周参考您的网站时,它有助于在阅读PMBOK指南时清除许多疑问。bob手机客户端任何希望通过PMP考试的人都应该专注于PMBOK指南和本网站。bob手机客户端
感谢您帮助许多有抱负的PMP!
感谢Dinesh的访问和发表评论。