Part 2. Elective 1

• Project Management in Developing Countries

  climate / population / material, equipment and plant / socio-cultural factor / working with other professionals / construction industry in developing country / finance and funding / appropriate technology
• Life cycle of projects

  s-shaped and j-shaped
• All organisms have a ______. They are born, grow, wane, and die. This is true for all living things, for stars and planets, for the products we buy and sell, for our organizations, and for our projects as well.

  life cycle
• the amount of time it takes to recover the cost of an investment

  payback period
• NPV means

  Net present value
• the difference between the present value of cash inflows and the present value of cash outflows over a period of time

  net present value
• Also known as sophisticated technique for capital budgeting exercise

  net present value
• three possibilities of NPV (don't include the word "npv")

  positive, zero, negative
• what type of NPV when the project is not acceptable

  negative npv
• Either the interest rate that the federal reserve charges banks for short-term loan or the rate used to discount future cash flow in discounted cash flow (DCF) analysis

  Discount Rate
• 2 methods of Selecting Projects to 

  Meet Organizational Objectives (don't include the word "method")

  Numeric selection and Non-numeric selection
• a project often suggested by the top management that has taken on a life of its own

  sacred cow
• a project that is required in order to protect lives or property or to keep the company in operation

  operating necessity
• a project that is required in order to maintain the company's position in the marketplace

  competitive necessity
• Whatever the selection process, the aforementioned project will be approved. It becomes the “_______ “ and will be shown to be technically, if not economically feasible.(consider senior management intelligence  and valuable years of experience-as well as subordinate’s desire for long run employment)

  sacred cow
• One of the most straightforward techniques for ordering a project

  q-sort method
• Phases of project life cycle (don't include the word "phase")

  initial, develop, implement, close-out