Reference no: EM132279688
Discussion: Project Valuation
Although there are many different methods for selecting projects, they may be grouped into two fundamental types for the purpose of determining their value to the organization:
1. Non-numeric.
2. Numeric.
The former does not use numbers for valuation, but the latter does. Some process improvement or software installation projects can be hard to quantify when the project seeks to increase the satisfaction of physicians, staff, and patients.
Instructions: Discuss how you will determine the expected value of the project. Explain whether your proposed project is easily quantified or whether you will need to use some non-numeric information for calculating the value of the project.
Include the following:
• Examine the sources of information that can be used for budgeting.
• Determine the probability that the information is correct. Would simulation increase the accuracy? Why or why not?
Additional Requirements: Your initial post should be succinct, and demonstrate clarity of thought and precision in writing.
• Use examples of personal and professional experience to add perspective.
• Practice academic writing-support your post with at least one evidence-based scholarly reference using APA style and formatting.
Response Guidelines
Review your classmates' postings, and respond to your peers according to the Faculty Expectations Response Guidelines, using the following elements as a guide for your response:
• Engage Your Peer. Tell them specifically why you chose to respond to their post.
• Seek and Offer Clarification. Talk about what isn't clear (ask questions, offer suggestions and resources).
• Add Perspective. Include personal examples or work experiences that add a perspective on your reply.
• Be a Reflective Practitioner. Think about your own thinking. What assumptions did you both bring into this discussion? What information are you missing? What are the implications of a suggested action?
• Write like a Scholar. Support your statements with at least one scholarly source. Use current APA style and formatting appropriate to the type of reference you provide.
Learning Components
This activity will help you achieve the following learning components:
• Discuss different methods used to determine the value of a project to an organization.
• Practice creating APA citations when participating in an academic discussion and when giving feedback to peers.
• Practice using the various stages of writing by creating drafts and receiving peer feedback prior to submitting a final document.
• Examine sources of information used for budgeting.