MGMT 404 Week 1 Assignment; Project Prioritization Video

$10.00

Contributor

Addison

Category

Management

Course

MGMT 404 Project Management

Institute

DeVry

Pages

7

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914400125779 914400242607 Project Selection Methods [Video description begins] Topic title: Project Selection Methods. The presenter is Barb Waters. Projects Lead to Benefits. [Video description ends] One of the keys to successful project alignment is ensuring it will deliver value, meet a business need and achieve the expected benefits to the stakeholders. Projects create results, such as new or improve products, services or operational improvements. Both internal and external customers must use these results to actually provide benefits. [Video description begins] Step 1: Who Benefits? [Video description ends] An important step in performing benefit analysis is to figure out who will benefit from the project. Employees benefit from the results of projects that provide improvements to the internal processes of an organization, resulting in increased efficiency and effectiveness of the work performed. Customers can benefit from the innovation and usage of the product and services to enhance their business or professional lives. Project sponsors can benefit from identifying the need for innovation to support the business strategy, and often receive recognition for their insight and involvement. The business benefit

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