Book Yoda. Business & Investing.

I am currently taking a project management course and have a few questions I am struggling on. Here is one of the questions from the homework this week.

Two internet site projects are proposed to a young start-up company. Project a will cost 250,000 to implement and is expected to have an annual net cash flow of 75,000. Project B will cost 150,000 to implement and should generate annual net cash flows of 52,000. The company is very concerned about their cash flow. Using the payback period, which project is better, from a cash flow standpoint?

The payback period is basically the time taken to break even.

So for project A you put in $250K and get $75K back each year. The payback period is 250/75 = 3.33 years

Project B you put in $150K and get $52K back each year. The payback period is 150/52 = 2.88 years.

Therefore you break even more quickly with Project B. It has the shorter payback period, and is therefore "better"

2008-06-08 18:15:49 by cody p

About Rita Mulcahy, PMP - An expert in advanced project management, the PMP® Exam and risk management - A gifted instructor and author of the ...

I am going to take my Project Management Professional Certification exam soon. I also have 5 years experience in Project Management of IT projects. With OBAMA's new stimulus there will be a lot of construction jobs, including Project Management.

I have good Project Management skills but not a lot of skills in Construction (other than personal home improvement projects).

How do I get into the new industry using the same skills?

This page has Job Openings and Salary info:

http://jobs.salary.com/Construction-Project-Management-jobs/--

2009-02-19 15:47:05 by boilerette72

Member since: January 03, 2006
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Ralph
S What is the best project managment certification.?
I am in IT (Systems Developer/Web Developer) and am thinking of moving into project management What is the best project management certification? - most recognized/relevant in the IT arena.

Project Management Professional (PMP) certification is definitely the one to aim for due to its vast recognition. However, it requires you to furnish your detailed experience and referees. And yes, PMI, the issuing body does conduct audits. Cheats are barred from further attempts to be certified.

Assuming that you are residing in Singapore as this is Yahoo! for Singapore, I would suggest that you get in touch with Knowledge Method (http://www.knowledgemethod.com/) which specializes in PMP certification.

If you are in Singapore, South-east Asia or India, you could also consider SCS's Certified IT Project Manager (CITPM) certifications. Passed recipients will be conferred either Associate, CITPM or Senior. More info is available at http://www.scs.org.sg/CITPM_abt.php. Exams are conducted only twice a year.

Both PMP and CITPM requires testimonials of previous experience, thus require referees. For those whose referees might not be contactable and/or who would not want to wait for the infrequent exams as in CITPM, they might consider CompTIA Project+.

Some says CompTIA Project+ is for entry-level. However, a scrutiny at the syllabus might suggest otherwise. Therefore, to make sure that your exam fees are not wasted, you might consider putting in the same effort for CompTIA Project+ as you would if you were taking other certifications.

2007-06-04 09:19:23 by Ralph

I am an elementary school teacher finishing up my M.Ed. My degree will be in (project) Management and Innovation. Rather than applying this to education, I was actually starting to consider the possibility of leaving the classroom and going into Project Management. I did a job search and saw that there ARE openings for PMs, but most say that they want 5-10 years experience. I did see one that was an education-related PM position that said they'd train newbies, but is that going to be hard to find again?

Suggest you look at a project administrator role to start with. While it is mainly clerical, it does expose you to project management and provides inside opportunities to start managing small projects. Also look at roles within a program or project office. These can also put you in the right place to get into project management. Typically you will start out either doing very small projects, or assisting project managers. As the experience builds, you can move into more mainstream project management.
Neville Turbit
www.projectperfect.com.au

2008-02-05 15:11:30 by whmzical_cw

What are the benefits of project management, the role as project manager, and how an approach to project management will affect a company?

There are always exceptions, but in my experience the project manager is the guy who sits around barking orders, contributes nothing, and makes a lot more money than the people actually doing the work.

2006-07-18 11:59:57 by hot_rod2k