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Project Investment Selection (PowerPoint PPTX)
PowerPoint (PPTX) 29 Slides FlevyPro Document
DESCRIPTION
There will forever be some winners and some failures in the process of evaluating Capital Investment projects for funding, but no one desires to be the decision maker who failed to recognize a fantastic investment.
Decision markers can make smarter choices when deciding on which projects to invest in by following a set of 8 best practices, categorized across the full lifecycle of pre-selection, during selection, and post-selection. These 8 best practices are discussed in detail in this presentation.
Research demonstrates that by comprehending the conceivable pitfalls and improving the process, organizations can make wiser judgments and produce enhanced outcomes.
The slide deck also includes some slide templates for you to use in your own business presentations.
This presentation dives deep into the intricacies of project investment selection, highlighting common pitfalls and best practices. It addresses how biases and process issues can lead to poor investment decisions and provides actionable strategies to mitigate these risks. The PPT emphasizes the importance of diversity in selection panels and the benefits of crowdsourcing to enhance decision-making quality.
The slide deck outlines a comprehensive approach to project selection, from pre-selection to post-selection phases. It covers methods like concealing names and demographics to reduce bias, standardizing submissions for easier comparison, and employing crowdsourcing to leverage collective intelligence. The presentation also discusses the significance of organizing one-on-one contests and using probability to make more objective decisions.
Feedback mechanisms and learning from failures are crucial components of the post-selection process. The document provides templates and examples to help organizations implement these best practices effectively. By following the guidelines presented, decision-makers can improve their investment choices, leading to better project outcomes and overall organizational success.
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Source: Best Practices in Innovation, Decision Making, Capital Budgeting, Project Selection PowerPoint Slides: Project Investment Selection PowerPoint (PPTX) Presentation, LearnPPT Consulting
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