Week 2

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For this assignment all that needs to be done is a three to four sentence response to each question. The way this assignment works is we are all given the same question to answer and then we must respond to at least two of our student’s responses to the question. So I am going to post the questions, followed by the responses from two of my class mates, in which I need a 3 to 5 sentence response, written. You are completing what is highlighted in yellow. In all you will have done 4 responses, as well as answered the two questions, the response I need written is for the a and b responses already posted. The a and b responses are highlighted in turquoise this is what you are writing a response too. DO NOT FORGET TO ALSO ANSWER THE QUESTIONS!…show more content…
Project tend to go through changes as the project goes, and another feature is the project tracing, which allows the PM to revise the plan and see impact of changes, to make better decisions. 2. Imagine that you are interviewing for a job when the interviewer asks you which cost-benefit analysis technique is best for assessing a project’s economic feasibility. What would your response be? Respond to at least two of your classmates’ postings. A) I believe the best cost-benefit analysis technique is the “time value of money” technique. Of course it is beneficial for a project manager to know the benefits of the project as well as the overall cost of the project, but determining if the time value of money is worth the effort is another factor the manager must consider. The time value of money is the comparing the expected cost of the project compared the expected returns/benefits of the project. If the costs both present and future outweigh the benefits, the project is probably not worth the time spent. B) I would answer by stating the Return on investment (ROI) analysis, it performance measures is used to evaluate the efficiency of an investment or the efficiency of different investments. It is usually calculated by dividing the benefit (return) by the cost of the investment, yielding a percentage or ratio. This is usually the most profitability ratio, although the return on investment is not

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