Question
You are the Project Lead at a major Bank in Toronto.Your role is not only to oversee the implementation of new projects but also to
You are the Project Lead at a major Bank in Toronto.Your role is not only to oversee the implementation of new projects but also to assist with prioritizing projects to ensure they align with Corporate strategic objectives. Following are project concepts the Bank is considering for the following planning year.
- Based on the Payback Period, which project do you suggest the Bank undertakes and why?
- Based on the average rate of return, which project would you suggest the Bank undertakes and why?
Investment Cash Flow Profit
1) Implement new software app for TD HR Dept $500,000 $75,000 $25,000
2) Install online self-serve app for TD customers $750,000 $100,000 $50,000
3) Offer a promotion to TD small businesses $600,000 $350,000 $100,000
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