BEST Project Selection Methods For SUCCESS
Skills:
PM Basics80%
Key Takeaways
Explores effective Project Selection Methods for achieving project success
Full Transcript
framework for project selection and feasibility organizations often face the challenge of selecting the right project that will support their goals or business objectives all projects require small or large financial investments and resource commitments by the organizations that is why it is absolutely impractical to implement all projects that will be proposed rather organizations are likely to use appropriate project selection and feasibility evaluation methods to find out the best projects that are likely to benefit them the most projects that will not require detailed feasibility analysis a basic project selection method will be more appropriate for them this method includes a checklist model or simplified scoring model however if a project is critical or requires significant financial investments then the organization will have a detailed feasibility study feasibility study may look into the technical feasibility organizational feasibility market feasibility and Financial feasibility of the project in order to assess Financial feasibility the organization may choose to calculate the payback period Net Present Value npv discounted payback period and internal rate of return irr the results of these methods will help the organization to decide whether to undertake the proposed project or not
Original Description
"Unlock project SUCCESS by mastering the BEST Project Selection Methods! Choosing which projects to pursue is one of the most critical decisions in project management. Using proven methods ensures you invest resources wisely and align efforts with strategic goals.
This video (Module 2, Video 1 of the CPMA Certification course by IQN Global) explores effective Project Selection Methods and the underlying frameworks that help you evaluate and prioritize initiatives for maximum impact and success. Learn how to move beyond guesswork and make data-driven decisions.
✅ Identify high-value projects using proven selection criteria.
✅ Increase your project success rate significantly.
✅ Confidently assess feasibility (technical, economic, operational) within a structured approach.
✅ Develop compelling business cases supported by sound selection logic.
✅ Ensure strategic alignment by selecting projects that truly drive organizational goals.
🚀 Elevate Your Project Management Career with CPMA® Certification!
Validate your expertise and gain a competitive edge with the Certified Project Management Analyst (CPMA®) designation from IQN Global.
Globally Recognized: Benchmarked at Level 7 (UK SCQF) & Level 5 (European EQF).
Career Advancement: Enhance job prospects and professional standing.
Up-to-Date Knowledge: Stay current with the CPMA Body of Knowledge.
Proven Skills: Demonstrate your ability in critical project management areas like project selection and feasibility.
➡️ Ready to prove your skills? Learn More & Enroll in CPMA®:
https://iqnglobal.com/cpma
🔗 Connect with IQN Global:
Contact Us: support@iqnglobal.com
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