Simplifying Project Management | PMC = Project Management Certifications
‘Murder Board’ might not really sound like a Project Selection Process but then again it is meant to be more of a Project ‘Rejection’ Process. The Murder board is basically …
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Definition This is one of the most, if not the most, important metric that the Project Manager should be looking at because other stakeholders will definitely be doing so. To …
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Definition Benefit-Cost ratio is the ratio of the benefits of a project compared to the costs calculated in terms of Present Value (PV). BCR > 1 – the project is …
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Definition Opportunity Cost is the highest value a person needs to give up for the selected choice. For example, if you have US $10, you can either buy a coffee …
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Definition Return on investment (ROI) is the benefit an investment bring about, by comparing profits in relation to capital invested. Sample Question An organization is considering several projects with the …
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Definition Payback Period is the time it takes for the organization to earn back the initial investment (in terms of monetary cost) to the project and begin making profits. Sample …
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Definition Net Present Value (NPV) of the sum of all cash inflows (in Present Value) of the project minus the initial cost, i.e. PV (benefits) – PV (costs) (Read more) …
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