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Join 1000+ In the "Create Value for your business series"
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:
We'll go over
In each section we'll solve a couple of exercices of every concept
What are the requirements?
What is the target audience?
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
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
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
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
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
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
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
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
A solved exercise to illustrate the concepts shown in previous lectures
The course outro. Hope to see you soon. Make sure to check out the "Create Value" series here in Udemy
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