Summary 2 2 Journal Organizational strategy.docx QSO 640 2-2 Journal: Organizational Strategy and Project Selection Southern New Hampshire University QSO 640 Project Management 21TW3 Introduction Businesses and organizations worldwide use organizational str
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2 2 Journal Organizational QSO 640 2-2 Journal: Organizational Strategy and Project Selection Southern New Hampshire University QSO 640 Project Management 21TW3 Introduction Businesses and organizations worldwide use organizational strategies to make sure they stay on top of their specific c...
2 2 journal organizational strategydocx qso 640 2 2 journal organizational strategy and project selection southern new hampshire university qso 640 project management 21tw3 introduction busine
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QSO 640
2-2 Journal: Organizational Strategy and Project Selection
Southern New Hampshire University
QSO 640 Project Management 21TW3
Introduction
Businesses and organizations worldwide use organizational strategies to make sure they
stay on top of their specific competitors. They focus on projects that will help them gain profit
and become competitive against other companies as well as adapting to environmental changes.
When they go through with specific projects, they must keep these factors in mind to achieve
success in their objectives and goals.
Profitability
When it comes to achieving profitability, the project must be in align with the company’s
strategies. Understanding financial factors like return on investment, internal rate of return and
the net present value can help make the decision whether a project is a good fit for the company.
The return on investment is simply “the ratio of money gained (or lost) relative to the amount of
money invested” (MindEdge, 2014). This will give the company a good idea if they will make
back the money they initially invested and help make a decision if they want to pursue the
project or not. The net present value is measuring what value the company has now and
comparing it to the future cash flow. Lastly, the internal rate of return is where “the present value
of net cash flows equals the net investment in the current period” (MindEdge, 2014). The
weighted scoring technique is another way that the company can see if they will achieve
profitability by comparing different projects before starting them. This is where the company
scores the projects based on different factors like resources available and determining which
project would be the best fit. Using those financial factors, in addition with the weighted scoring
technique, will help a team rate the projects success financially.
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