Modular Project Management
Advanced Enterprise Modules

ProjectExperts Training


The Modular Project Management® Advanced Enterprise Modules Include:
6. Enterprise Portfolio Prioritization .5-1 day
7. Benefit/Cost Analysis (this page) .5 day
8. Risk Management: Do You KnowRisk? .5-1 day
9. Earned Value Tracking .5 day
10. Intact Team Option .5-1 day
11. Personal Styles: Communication & Teamwork .5 day
12. Leadership and Teambuilding .5 day
13. Managing Project Contracts 1 day
14. EXPO: Establish your EXpert Project Office .5-1 day

15. Increasing PM Competence

.5 day

7. Benefit/Cost Analysis

Overview

.5 day

This module presents a method for evaluating the costs and benefits of a proposed project. The content covers timing of Benefit/Cost Analysis*, appropriate participants, cost factors, benefits, and ways to present the results. A special topic covers ways to value benefits that you labeled "intangible" in the past.

dancer.gif (4144 bytes)Learning Objectives
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Describe the purposes of Benefit/Cost Analysis, and a process for developing reliable measures.

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Identify the most-important timing and participants of Benefit/Cost Analysis.

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Describe the range of costs that you must consider and quantify for a project.

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Identify the different types of benefits a team should evaluate, and describe ways to quantify those benefits, even when you consider them to be "less tangible".

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Describe alternative ways to present the results of Benefit/Cost Analysis, including graphic methods.

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Discuss the need for and the responsibilities for following up on a Benefit/Cost Analysis to verify the benefits were received.

Audience
Those who are (or should be) involved in identifying the costs and benefits of project efforts, and performing initial and follow-up Benefit/Cost Analysis: Executives, Resource Managers, Functional Managers, project customers, Project Management Office Managers, Program or Project Managers, and Team Members.

* Formerly called Cost/Benefit Analysis; we've changed the name to reflect current terminology.

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