Create value for your business. A project selection workshop
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Create value for your business. A project selection workshop

A financial toolbox that will help you pick projects that creates value for your business - Earn 2 PMI PDUs
3.8 (8 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,029 students enrolled
Created by Miguel Alastre
Last updated 9/2016
English
Current price: $10 Original price: $70 Discount: 86% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 42 mins on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • ... provide a solid justification for a project idea
  • ... state how your project will add value to the business,
  • ... apply a mathematical approach to select a determined project over others
View Curriculum
Requirements
  • Minimun microsoft excel kownledge
  • That's it
Description

Join 1000+ students from 90+ Countries in this experience!
Join 1000+ In the "Create Value for your business series"

  • Do you know why your organization select a project over others?
  • Are you certain that your idea creates value for your business?
  • Can you justify your choice of a project over others?
  • Do you know if your idea is profitable enough?

If you don’t your organization may be wasting resources, time and money in efforts that don't add value

If this happens in your organization you must make sure to understand that there must be a process to pick those idea that will add value to your business and shareholders

With this course you’ll be able to manage a project selection toolbox that will allow to pick ideas that create value over others that don’t. It will help you to state wich approach was used to quantify the return on the investment on the particular project

 This course is from a series called “Create Value” and it is aligned with the PMI talent triangle and develops a topic related to the technical project management axis

A PMI study showed that 66% of organizations indicate that PM with the appropriate technical skills are very hard to find.

With this course you can claim 2 professional development units

At the end of this course you'll be able to:

  • ... provide a solid justification for a project idea 
  • ... state how your project will add value to the business, 
  • ... apply a mathematical approach to select a determined project over others and 

We'll go over

  1. Present Value
  2. Net present Value
  3. Internal Rate of return
  4. Opportunity cost
  5. Cost benefit analysis
  6. Payback Period
  7. Economic Value Added

In each section we'll solve a couple of exercices of every concept

What are the requirements?

  • Minimun microsoft excel kownledge
  • That's it

What is the target audience?

  • Professionals related to project management (Managers, Sponsors, Business analysts)
  • Entepreneurs with a project in mind
Who is the target audience?
  • Professionals related to project management (Managers, Sponsors, Business analysts)
  • Entepreneurs with a project in mind
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Curriculum For This Course
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Introduction to the course
2 Lectures 03:39

This lecture is to introduce the student to the content of the course.
We'll do a high level review of the curriculum

Preview 02:58
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Project selection toolbox
10 Lectures 37:42

This lecture is to lay out the curriculum of the course. We'll introduce the value of the project selection methods of (1) Present Value, (2) Net Present Value, (3) Internal Rate of return among others

Preview 04:25

At the end of this lecture the student will manage the present value calculation, how to interpret the results and how it can me used to pick an idea over others

Present Value
03:32

At the end of this lecture the student will handle the net present value calculation, its concept and how to use it to choose an idea

It is the difference between the present value of cash inflows and the present value of cash outflow

Net Present Value
03:22

In this lecture we'll talk about the internal rate of return, its calculation and how it can be used to choose ideas that create value for your business. 

It’s when the net present value of the inflows are equal to the net present value of the outflows

Internal Rate of Return
02:40

The opportunity cost is the loss of potential future return from the second best unselected project. In this lecture we'll describe how to use it to pick ideas that create value

Opportunity Cost
03:01

The Cost-Benefit Analysis involves adding up the benefits of a course of action, and then comparing these with the costs associated with it. We'll go through a 3-step process to do a great CBA

Cost Benefit Analysis
06:43

In this lecture we'll describe how to use de payback period as a project selection tool. We'll solve a couple of exercise to illustrate the application of this concept

Payback Period
04:45

In this lecture we'll go through the Economic Value Added, a default project selection tool for many organizations as it states the value created by the idea considering the cost of using the shareholders' resources

Economic Value Added
04:15

Project selection methods
5 questions

A solved exercise to illustrate the concepts shown in previous lectures

Preview 03:04

A solved exercise to illustrate the concepts shown in previous lectures

Exercise 2
01:55
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Outro
1 Lecture 01:03

The course outro. Hope to see you soon. Make sure to check out the "Create Value" series here in Udemy

Outro
01:03
About the Instructor
Miguel Alastre
4.1 Average rating
12 Reviews
1,297 Students
2 Courses
Chemical engineer, MBA, Certified PMP - 1000+ Students!

Hi there

My name is Miguel Alastre, I am a chemical engineer and PMI (Project Management Institute) certified PMP (Project Management Professional). I have worked in several multi-million dollars projects in logistics, tech and industrial businesses in South America in the lasts years. I enjoy teaching as I help graduate students as a MBA professor and frequently publish articles about finance and business innovation. 

Make sure to check out my "Create Value" series