Required

• Chapters 2 & 3 in Project Management Toolbox
• Part 1, Section 4.1 and Part 2, Section 2 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 6th edition
• Caballero, H. C., Chopra, S., & Schmidt, E. K. (2012). Projectportfolio selection using mathematical programming and optimizationmethods. Paper presented at PMI® Global Congress 2012—North America,Vancouver, British Columbia, Canada. Newtown Square, PA: ProjectManagement Institute. Retrieved from https://www.pmi.org/learning/library/portfolio-selection-mathematical-programming-optimization-6074
• Tekes, G., & Cavarec, Y. (2013). Benefit realization inexecution focused companies vs. project management excellence: whatreally matters? Paper presented at PMI® Global Congress 2013—NorthAmerica, New Orleans, LA. Newtown Square, PA: Project ManagementInstitute. Retrieved from https://www.pmi.org/learning/library/benefit-program-management-5838

Recommended

• Batra, R., & Verma, S. (2017). Capital budgeting practices in Indian companies. IIMB Management Review, 29(1), 29-44.
• Geng, S., Chuah, K. B., Law, K. M. Y., Cheung, C. K., Chau, Y. C.,& Rui, C. (2018). Knowledge contribution as a factor in projectselection. Project Management Journal, 49(1), 25–41. Retrieved from https://www.pmi.org/learning/library/knowledge-contribution-project-selection-11062

Assumeyou are drafting an email to a colleague to explain how he/she can useExcel to solve one of the economic models used for project selection.Provide a detailed, step-wise instruction for one of the economic modelsdiscussed in Chapter 2 of the textbook and specify the inputs, Excelformula, and output data. You can use Lynda.com to review videos thatprovide additional information on economic models.

Be sure to post an initial, 250-word substantive response by Thursdayat 11:59 p.m. MST and respond to two or more peers with substantiveresponses by Sunday at 11:59 p.m. MST. A substantive initial postanswers the question presented completely. Substantive peer responsesask a thoughtful question pertaining to the topic and/or answer aquestion (in detail) posted by another student or the instructor. Or,you can include applicable personal experience or additional resourcesconcerning the discussion topic.

Reference at least one credible source among the required orrecommended readings and an outside, credible reference (a referenceother than the textbook or readings), cited according to proper CSU-Global Guide to Writing and APA (Links to an external site.) standards.

Hey Colleagues,

Anotherinteresting challenge for us in the Discussion in Module 2. We are nowdelving into the economic models used for project selection. Pick one ofthe models discussed in Chapter 2 of the textbook. Talk to the inputsfor the model you choose, describe (provide a graphic if you will) theMS Excel formulas, and then the output. There are videos on Lynda.comthat will help.

If you have personal experience with the selection process and have used a model to assist – tell us about it.