Duration: 2 Days
Everyone makes choices. In their daily work, project managers, technical professionals and business analysts routinely consider different means to improve performance and results. Sometimes, the "means" are alternative project approaches; sometimes, the means are acquisition of competing products or services. Project personnel require solid skills in project evaluation and prioritization and identification of the ROI on projects. The challenge is always to answer the question: "Which choice is best?" The cost-benefit analysis reveals the answer.
Today's project managers and decision-makers demand hard facts before they approve a project or authorize an acquisition. Cost-benefit analysis (CBA) is the technique business-savvy IT organizations use to identify the "best" choice.
Learning how to do it right is exactly what you will get from this fast-paced, highly-interactive workshop. You will receive straightforward CBA templates, hear a plain language explanation of the facts to include in the CBA, participate in a series of challenging exercises, and learn a practical Step-by-step CBA preparation process.
Topics Covered In This Course
Fundamentals of CBA
Valuation of Impacts
Methods and Accuracy
Step-by-step Cost-Benefit Analysis Template
What You Can Expect
A key aspect of any project lies in the ability of the requesting organization (often relegated to the Project Manager) to present a case for why a project should be authorized.
Many projects are authorized on well-meaning benefits, but too often, when the project is completed, the "benefits" are seldom realized. Managing the client's (or manager's) expectations requires a realistic approach to estimating anticipated project benefits and understanding the project costs – both capital and operational.
This workshop provides a practical and usable approach the project leader, project team and other involved parties can use immediately.
This two-day workshop is designed to cover the foundation methods, tools and techniques for justifying a project. It also will provide a better understanding of the practical techniques that can be used to obtain project approval.
The class achieves its results through presentation, discussion, team exercises and the option to apply the methods on participants' current projects. At the end of this course, participants will be able to:
Who Should Take This Course
The workshop is organized and presented for busy professionals who use/will use a Cost-Benefit Analysis to support informed IT project and acquisition decisions. Participants typically include project management specialists, technical professionals, business analysts and business unit managers.
There are no prerequisites. Some project management experience is desired.
Instructor-led, group-paced, classroom-delivery learning model with structured hands-on activities and case study analysis.
Every student attending a Verhoef Training class will receive a certificate good for $100 toward their next public class taken within a year.
You can also buy "Verhoef Vouchers" to get a discounted rate for a single student in any of our public or web-based classes. Contact your account manager or our sales office for details.
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