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by Laurus Nobilis
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Performance Management

PROJECT MANAGEMENT
Cost/Benefit Analysis (E)

 

Project Management

 

 

What is the project? How to select and justify the project? How to plan and execute the project?

 

Posted: Sep 2010


 

 

 

 

 

 

 

 

Cost / Benefit analysis is statement that compares of the costs of a proposed project in relation to the benefits that the project will generate.

Project Management is a management method that is used to plan, organize and control project activities. The project is initiated by executive committee that will initiate project work.The basic concept of Project Management is the delegation of general management authority to the Project Leader.



Calculation is very simple: the costs are subtracted from the benefits. If the result—the net cash inflow—is negative (if costs are more than the benefits), the project is probably not going to be implemented, unless the project is imposed by regulations. If the result is positive, then the proposed project will probably deserve detailed approach.

A cost-benefit analysis typically includes both the financial and the non-financial analysis of the project.

The financial analysis would start with identifying the initial investment, ongoing operating costs, and required additional investments, and the financial returns, such as increased revenue, displaced costs, and avoided costs.

The process can become complex if intangible benefits (environmental impact, customer response) are to be factored in to the analysis. In this case those intangibles must have a quantitative value assigned to them.  

 

Continue on Project Management:
 
1. Project Management Overview 
2. 9 Areas of Project Management 
3. Project Lifecycle – 5 Stages of Project  
4. How to Determinine a Value of the Project? 
    4.1. Simple Payback 
    4.2. Average Return on Investment (ROI) 
    4.3. Net Present Value (NPV) 
    4.4. Internal Rate of Return (IRR) 
    4.5. Cost/benefit analysis 
    4.6. Time value of money 
    4.7. Present value of future payments 
    4.8. Justification of Addopted project 
5. Project Planning – Project Charte
6. Work Cascading Structure (WBS) 
7. Project Scheduling ( Arrow-on-Arrow and Gantt Chart ) 
8. Project Scheduling  ( CPM and PERT ) 
9. The Responisbility Matrix 
10. Resources and Budget Planning 
11. Clasification of Projects

 

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