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How financial analysis can impact project initiation

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by maryweilage 2 views

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This week's Project Management newsletter explains how financial analysis can help ensure a project meets its stated value goals. What methods does your organization use to validate the financial success of candidate projects?

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by jcallahantx

Good article. Most, if not all, projects must have a business case presented to our Steering Committee for review and approval. The value of the business case has become even greater since we implemented a portfolio management approach to our corporate projects. The business case together with the business drivers determine the priority the project will receive in the project portfolio. Projects that demonstrate the largest return on the investment (primarily human resources) will be choosen over other projects. The quality of the business case becomes the discriminating factor when determining which projects are worked on and which are not.

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