PROJECT SELECTION ASSIGNMENT
Follow all the
instructions very carefully and look at the slides.
In this assignment, an
organization you identify will select a project to undertake.
of One possible project that connect to your Major Computer System Technology
like (Software Development Track Project, Information Technology Track Project,
Database Track Project). Choose
any track that you are comfortable with.
of an organization (Google, Amazon, Microsoft, Apple, Samsung, or any big Reputed IT
company in USA) where
you would like to work after graduating college.
When identifying project, be creative and think of I.T. work you
would like to do as a Software Developer, Database Administrator, Game Developer, Database
Developer or Web developer, App Developer. Consider how the project might use your
strengths and interests and also affect your career development. Make sure that
each project fits the formal definition of a project.
When identifying an organization, you can consider existing
organizations or, instead, fictional organizations you imagine; perhaps, one
might even be your own company.
In writing, briefly describe the organizations overall business
strategy and objectives. Communicate the ideas behind each project, the
purpose, and the opportunities they present or the problems they resolve.
Explain how each project would align with the organizations overall business
strategy. (You might also explain how you identified the organization and the
Describe the method you
would choose to select one of these projects and explain why you chose the
method. As part of the assignment, you are asked to choose at least one method
from the list below. Chapter 2(follow the attached slides) of the textbook describes each method in detail.
opportunities, and directives
Focus on competitive
strategy or broad organizational needs.
Use a weighted scoring model.
Lastly, perform the financial projections described below and
summarize the results in a chart similar to Figure 2-7 (slide 3) and, in writing, explain
Performing Financial Projections
Estimate the future costs and benefits for the one project that
your organization will select. Since this is often difficult, use your best
judgment to come up with reasonable figures — based on research for similar
projects or based on actual hardware, software, and labor costs. Choose a
discount rate between 6% and 12% and determine the projects NPV, ROI, and
Payback period. See Figure 2-7. Intranet Project
NPV Example for how to show your results. Explain your results by including
key terminology from Chapter 2(on the slides).
Cite all references and pay special attention to spelling and
punctuation; sentence structure and grammar; professional terminology; and the
overall clarity of your writing.
Additional info: (You will understand this when you read chapter2_slide3):
First, you have to come up with the project. Once you have your
project, it’s your responsibility to estimate the costs and the benefits based
on your project’s equipment, resources, or manpower you need for your project.
etc.. Look at figure 2-7 on slide three (page 8), on row four, there is
an example of an estimated cost (numbers were made up 140,000 to 40,000) and
you need to find the discount factor amount based on the discount factor
formula (1/1+r)^t. After that, create the discounted costs row by doing
(Discount factor amount * Costs for each column). Again, you need to estimate
the benefits based on the project you choose. Once you make up the amount of
the benefits, like (200000, 200000, 200000) calculate the discount factor again
for each year. then create a row, discounted benefits by doing (Discount factor
amount * Benefits). After that, you will be fine to do the rest of the rows
like (Discounted benefits – Discounted costs) and Cumulative benefits.
Additional info: Choose a discount rate between 6% and 12% and
determine the projects NPV, ROI, and Payback period
Textbook info (If needed):
Introduction to Project Management by Kathy
Schwalbe, Ph.D., PMP. The sixth edition was published in 2017 and the ISBN is:
978-1544701899. For more information, visit http://www.intropm.com/
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