Chapter 4, Project Integration Management
Just My Opinion:
- The Project Manager must be a model and must have a good Communication skills and proper knowledge on how to create a better projects . The Organization must work as one contributing their knowledge, skills, culture and talent as one for the better result. Every member of the organization must be well educated and have a high critical thinking skills on knowledge areas so that it will definitely met its deadline and no resources will be wasted. To make things short in order to improve, organization must make major cultural changes. Everyone on the organization must full understand on what the project management is all about. For example in order for the business to grow faster continuously they must be able to convince have a sponsor or investors to invest in their business.
2. Perform a financial analysis for a project using the format provided in the book (IT Project Management, Revised 6e). Assume that the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $200,000 in Year 1 and $30,000 each year in Years 2, 3, and 4. Estimated benefits are $0 in Year 1 and $100,000 each year in Years 2, 3, and 4. Use a 9 percent discount rate, and round the discount factors to two decimal places. Create a spreadsheet or use the business case financials template on the companion Web site to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.
I recommend that you observe and analyze my Financial Analysis. After all its your decision to make:
