Project Selection Methods and Initiation

10/28/2019 Laureate International Universities
https://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_76405_1&content_id=_7989858_1&mode=reset 1/2
MODULE 2
Project Selection Methods and Initiation
Processes
Introduction
Organisations select projects based on strategic alignment of projects, needs, realised
beneÕts and resources required to complete the projects. Poor decision on project
selection methods may result in not only project failure (not delivering the projects right)
but also portfolio failure (not selecting the right projects). Many agree that project selection
is a strategic-driven and top-down process. Before making project selection decision,
organisations generally require assessments on strategic gaps, organisation’s needs,
business-outcomes, feasible options, trade-oàs and resource utilisation. During project
selection, a business case is used as a document that provides justiÕcation for the
undertaking a project. Business cases explain commercial viability and feasibility of
implementing projects. The business case development can be conducted at the early stage
of any project. The approved business case is most commonly used to create the project
charter during project initiation processes. Project deÕnition and initiation play important
roles in management processes, lifecycles and deliveries of projects. According to PMBOK®,
the initiation processes include Develop Project Charter and Identify Stakeholders.
This module discusses the project selection process and methods for projects. Later, project
initiation processes and documents related to the processes are introduced.
Video 1: Project Management in Under 5: What is a Business Case?
10/28/2019 Laureate International Universities
https://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_76405_1&content_id=_7989858_1&mode=reset 2/2
Video 2: Prince2 2017 Business Case
Video 3: “INITIATING PROCESS GROUP 101 – PART 1
Video 4: “INITIATING PROCESS GROUP 101 – PART 2
This module will cover:
Project selection methods and processes.
Project initiation processes and related documents.
This module will help you:
Understand and apply the instructed project selection methods and processes.
Understand advantages and disadvantages of diàerent selection methods.
BeneÕts a business case and consequences for not having a business case.
Apply appropriate tools and techniques to project initiation processes.
Prepare relevant documents and initiate projects.

YOU MAY ALSO READ ...  BONY LANDMARK, ANALYSIS_Case Study 2.

CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS

CLICK THE BUTTON TO MAKE YOUR ORDER

YOU MAY ALSO READ ...  Develop human resource management strategy recommendations to support organizational goals in a dynamic environment.