Discussion Questions on Financial Measurements for Projects

What is meant by capital planning?

Capital planning is the “decision-making process with respect to investments in fixed assets.” In other words, it is the process of finding and selecting profitable projects or proposals in which to invest company resources. Financial Management covers five approaches to calculating the potential return on a project or proposal: The payback period, net present value, profitability index, internal rate of return, and modified internal rate of return.

Discussion Questions on Motivation

Motivation is the “forces coming from within a person that account, in part, for the willful direction, intensity, and persistence of the person’s efforts toward achieving specific goals that are not due to ability or to environmental demands”  (Hitt, Miller, & Colella, 2006).

What is the relationship between motivation and job performance?

Discussion Questions on Project Team Decision Making

What are the advantages and disadvantages to group decision making?

As outline in Organization Behavior, A Strategic Approach, there are many advantages and disadvantages to group decision making.

Advantages:

• Groups can generate more and better alternatives
• Groups can display superior judgment when evaluating options
• Group decisions typically generate higher acceptance
• Group decision making can help individual members grow