Lecture 1: Introduction to Project Management Recall a project in which you have been involved. (This can be anything from your daily life or your work experience.) Describe the project and how each of the triple constraints (time/cost/scope) was defined. Discuss how your project met or missed each constraint. Comment about whether you think this project was successful or not. Lecture 2: Project Selection 1. Discuss how project selection 1s linked to a company's strategic goal? 2. The ABC Company has set up a weighted scoring matrix for the evaluation of potential projects. Below are five projects under consideration. Criteria | Urgent | Competition Fill Strategic Improve | Weighted Market i Customer i ; Project 5 3 o ED KN (a) What are the weighted total scores of the five projects? Which project would you rate highest? Which one 1s the lowest? (b) If the weight for \"Strategic Fit\" 1s changed from 5.0 to 1.0, will the project selection change? Which project has the higher score with this new weight? (c) Why 1s 1t important that the weights should reflect the importance of different critieria? 3. You are the manager of the ABC Company. There are two similar projects: Project X and Project Y. You are considering which project to fund. Below 1s the cash flow information for each project. Table 1. Y0 500,000 Y1 ) ) 250,000 50,000 Y2 2 ) 250,000 50,000 X3 ) ) 250,000 50,000 Y4 250,000 50,000 Total 1,200,000 1,000,000 100,000 700,000 (a) What 1s the payback period of Project X? (b) The company's required rate of return 1s 12%. Calculate the NPV for each project. Which project would you fund