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Throughout the semester there has been many I have learned many useful things that I could see myself using in the future both professionally and personally In particular I have recently applied the Cost Benefit Analysis excel document to my upcoming decision on buying a car A Cost Benefit Analysis is an analytical tool used by project managers to assess if the proposed project is worth the cost A CBA quantifies all possible tangible and intangible project costs using industry standard performance metrics such as return on investment ROI net present value NPV internal rate of return IRR and payback period Rouse Recently I was also offered a job about 35 minutes away from my home before giving an answer to the employer I preformed a CBA to determine if it would be worth the extra money in gas mileage it was not ApplicationsArticle Instructions should never be given to a project team if the project manager is indecisive or uncertain on the project plan Starting a project without fully developed steps and risk mitigation strategies in place is the first stepping stone towards project failure A shy person would not do well as a project manager as project managers have to be personable when talking to clients and assessing their needs in order to be confident and successful with others a project manager must be confident in their own abilities Project managers have to be the one to step up and take charge of projects proactively pushing their team towards goals When assigned to a task it helps if the project manager has a background in the subject of the project or at least has done their homework Your team will respect you more for it and clients will be more likely to take your advice Why should anyone listen to someone giving input on something they know nothing about Allowing your personal beliefs to get the better of you can
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