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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 all-access pass to every InSite PDU course.

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

  • Will I earn PDUs for taking this course?

    Yes!  Your PDUs are important, and we’ve aligned this course with the PMI Talent Talent Triangle™ making it easy for you to submit them with PMI®.  Once you have finished this course, our system will generate a Certificate of Completion for your records. We’ve created step-by-step instructions to claiming your PDUs here.

  • How long will I have access to this course?

    If you purchase the individual course, you will have access for 6 months from the time you activate the course key in your account. If you purchase the PDU Passport, you’ll have either 6 or 12 months from date of purchase depending which PDU Passport subscription you chose.

  • When will I be able to access this course?

    Upon purchase, this course will automatically be added to your account. If you purchased this individual course, your 6-month access period will not begin until you activate the course key.  Once activated, you can access the course anytime you want, 24/7, with internet connection for 6-months. If you purchase the PDU Passport, your access will begin right away.

  • 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. This course qualifies for 6  Strategic & Business PDUs towards your recertification.

  • How do I report my PDUs?

    You can report your PDUs and check your current PDU balance directly through PMI. For your convenience, we’ve created step-by-step instructions to claiming your PDUs here. You will receive a Certificate of Completion when you complete this course which you should save in case you get audited by PMI.

  • 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.

The Strategy of Project Selection





PMI Talent Triangle™

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

"Really enjoyed how the instructor stepped through the different stages of the course and explained things in detail. The exercises were useful and I really appreciated the spreadsheets for calculating results."

J Donovan

"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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