The Project Management Professional (PMP)® and Certified Associate in Project Management (CAPM)®, are registered marks of the Project Management Institute (PMI)®

The Strategy of Project Selection

You control the course! You choose the time, location, and pace. InSite is available when you are - 24/7.

About This Course

With so many project proposals to choose from to charter as programs and projects and include in the portfolio, why are some chosen and others abandoned?  In this course, learn why projects are investments, where they fit in the “big picture” and how they are vetted against each other based on beneficial contributions and the cost of the investment.   Factors such as project triggers, compliance factors, the gap from today to tomorrow, and financial benefit measurement methods are reviewed and explained.  These strategies and concepts apply to project and program investments – whether traditional or agile!

This course is also available in the Complete Your Talent Triangle bundle and the PDU Passport, our annual subscription to all of our PDU courses.

Outline: 

  • Introduction
  • Project Triggers
  • Relative Priorities
  • Benefit Measurement Methods
  • Return on Investment
  • Benefit Cost Ration
  • Time Value of Money
  • Present Value of Benefit
  • Net Present Value
  • Internal Rate of Return
  • Hurdle Rate
  • Opportunity Cost
  • Value-Based Prioritization
  • The Proposal
  • The Project Portfolio Selection
  • Closing

Takeaways: 

  • Return on Investment and Benefit Cost Ratio.pdf
  • Time Value of Money.pdf
  • Present Value and Net Present Value.pdf
  • Velociteach Calculator – Net Present Value
  • Velociteach Calculator – Return on Investment
  • Certificate of Completion

Target Audience: Best for PMP® and PgMP® certification holders.

Outcome: 6 Professional Development Units (PDUs) that can be applied towards the following certifications: PMP, PgMP, PfMP, PMI-ACP, PMI-BA, PMI-RMP, and PMI-SP

Author: Louis Alderman

Frequently Asked Questions

  • Is this course registered with PMI? Will I earn PDUs?

    Yes and yes!  Your PDUs are important, and we’ve registered this course with PMI.  Velociteach is a Registered Education Provider (REP#1768).  This course is listed with PMI, provides Category A PDUs and is aligned with the PMI Talent TriangleTM. Once you have finished the course, our system will generate a Certificate of Completion for your records.

  • How long will I have access to this course?

    You will have access to this course for 6 months from the time you activate the key in your account.

  • When will I be able to access this course?

    Upon purchase, this course will automatically be added to your account. However, your 6-month access period will not begin until you activate the key.

  • How long will it take me to complete the course?

    You will earn 6 PDUs for completing this course. Therefore, it should take you about 6 hours to complete the course, but you can revisit sections or watch lessons as many times as you wish during your access period. One of the best features is you can pause a course and pick up right where you left off when you log back into your account. InSite is self-paced, which makes it simple for you to learn when it is convenient for you.

  • Can I access this course from a mobile device?

    Yes, you can take this course from your computer, tablet or mobile device.  If you can access the internet, you can access this course.

  • What is the Talent Triangle, and how does it impact my PDUs?

    PMI requires that you earn a minimum number of 8 PDUs in Technical Project Management, Leadership, and Strategic and Business Management categories.

  • How do I report my PDUs?

    You will receive a Certificate of Completion when you complete each course. PMI has step-by-step instructions on how to report your PDUs.

  • PDUs: 6

Select a Course Duration

Once you purchase the course, your access key will be added to your account. Your subscription period begins when you activate the key rather than when you purchase the access. Buy now. Learn later.


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PMI Talent Triangle™

  • Leadership PDUs: 0
  • Technical PDUs: 0
  • Strategic PDUs: 6

"Extremely easy to understand... helpful examples, ease of use, pace of presentation, delivery of content... great experience."

"I found this course very beneficial in understanding portfolio management - and the strategy behind the decisions that lead to success as an organization posturing itself for the future."

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