Project Selection is a critical aspect of Project Management. In an ideal world, organizations can initiate an unlimited number of projects. However, in the real world where organizations have limited resources (time, money, personnel, materials…) only a few projects, in most cases the projects deemed most beneficial are selected for initiation. There are numerous Project Selection Techniques organizations utilize to determine the most beneficial projects.

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In this Guided Project, we will use Google Sheets to analyze six (6) common Project Selection Techniques and complete a Project Selection Case Activity.

In this Guided Project, you will:

-Learn how to perform Six Quantitative Project Selection Techniques.

Learn step-by-step

1. INTRODUCTION

2. NET PRESENT VALUE (NPV)

3. INTERNAL RATE OF RETURN (IRR)

4. BENEFIT COST RATIO (BCR)

5. PAYBACK PERIOD

6. RETURN ON INVESTMENT (ROI)

7. WEIGHTED SCORING MOD