PROHSRP

How To Select the Right Projects

LEVEL 
Basic / Intermediate / Advanced 

COURSE LENGTH 
2 Days (Instructor Led) 
4 Half Days (Virtual Live) 

CREDITS
14 PDUs 

Course Description

Why are so many projects “dead on arrival”? Maybe we are selecting the wrong projects for investment. Why are resources our most common “bottleneck”? Perhaps we don’t understand our project priorities. Why do so many projects turn into “money pits”? Maybe we don’t know when to terminate them. This workshop provides you with the tools and techniques that will help you select the right projects for investment, prioritize them against the other projects competing for the same pool of resources, terminate them when they don’t meet the target objectives, and complete them successfully to meet organizational goals.

Learning Objectives:

  • This workshop will help you develop skills to:

  • Align projects with organizational goals and strategy.

  • Establish project governance structure.

  • Employ various techniques to prioritize projects.

  • Allocate resources to competing project and operational demands.

  • Apply quantitative techniques for project evaluation.

  • Evaluate a project for its own merit and relative merit vs. other projects.

  • Use weighted scoring models to quantify intangible benefits of projects.

  • Build a business case for a project.

  • Identify criteria to terminate a project.

  • Account for risk and uncertainty in evaluating a project’s merit.

  • Classify projects for effective allocation and management of resources.