PMP Certification Training - Pre-Project Stage Measures

The video tutorial discusses project selection and evaluation methods, focusing on financial metrics like Net Present Value (NPV), Return on Investment (ROI), and Internal Rate of Return (IRR). It explains how these metrics help organizations decide on projects by assessing profitability and investment efficiency. The tutorial also covers payback period and cost-benefit analysis, providing examples to illustrate the application of these concepts in project selection.

What are the main factors that organizations consider when selecting projects?

Explain the concept of Net Present Value (NPV) and its significance in project selection.

How does the Internal Rate of Return (IRR) influence project selection decisions?

What is the role of Return on Investment (ROI) in evaluating project efficiency?

Describe the Payback Period and its limitations in project selection.

What is the Benefit-Cost Ratio (BCR) and how is it used in project evaluation?

Compare and contrast the different project selection criteria mentioned in the text.