What are the Economic Models for Project selection ?
Saturday, October 8, 2011
1. Present Value
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What are the Costrained Optimization methods?
1. Linear Programming
2. Integer Programming
3. Dynamic Programming
4. Multi-objective programmig
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What are the benifit measurement models?
1. Murder Board(a panel of people who try to shoot down a new project idea)
2. Peer review
3. scornig models
4. Economic models
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What is the formula for Present Value in project management ?
Thursday, October 6, 2011
PV = Future Value / (1 + I)^n where I is the interest rate and n is the number of periods.
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What is the formula for Future Value in project management ?
FV = Current Value x (1 + I)^n where I is the interest rate and n is the number of periods.
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What is the formula for ROI in project Management ?
ROI = (Benefit – Cost)/Cost
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What is the 8/80 rule for WBS ?
Monday, October 3, 2011
No task should be less than 8 hours or more than 80 hours.
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