Project Screening

Lecture # 04
Project Management
(MG402)

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

Lecture Outline
4 D Methodology (Project Life Cycle)
Define it
Project Identification and screening
Project Identification
Project Screening

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

Define it
Define the Project
Project Identification
Project Appraisal
Project Selection

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

Project Identification
Define the Project
Project Identification
What is to be done?
Why is it to be done?
How it could be done?

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

End of Brainstorming
At this stage we can stop the brainstorming session.
BUT
We still need to screen out sensible projects from the obvious
insensible projects (which were put to encourage creative
thinking in the brainstorming session)

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

Project Screening
Project Screening is an assessment of project applications to
select those which are not suitable for further consideration.
This include comparing all the project alternatives against
some important criterions which are relevant to project
objective
Quality Analysis
Good Returns
5th September 2016

Not the Quantity Analysis

Not $450 per day
H.A.Qazi, Lecturer ME DSU, MG402, FL16

Common Criteria Used in Screening of Projects

Investment
Rate of Return
Risk
Likely Profit
Payback
Similarity to Existing
Business

5th September 2016

Expected Life
Flexibility
Environment Impact
Competition, Etc.

H.A.Qazi, Lecturer ME DSU, MG402, FL16

How to Screen an Idea

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

How to Screen an Idea

Criterion

Cost
Risk
Return
Hazard

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Criterion

Cost
Risk
Return
Hazard

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

10

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Importance
Score

out of 100

Criterion

Cost
Risk
Return
Hazard

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

11

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Importance
Score

out of 100

Criterion

Cost

80

Risk

30

Return

80

Hazard

50
Total

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

240

12

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Importance Importance
Score
Percentage

out of 100 out of 100

Criterion

Cost

80

Risk

30

Return

80

Hazard

50
Total

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

240

13

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Importance Importance
Score
Percentage

out of 100 out of 100

Criterion

Cost

80

33%

Risk

30

13%

Return

80

33%

Hazard

50

21%

240

100%

Total

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

14

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Importance Importance
Score
Percentage

out of 100 out of 100

Criterion

Cost

x
x

Risk

Return
Hazard

x
Total

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

80

33%

30

13%

80

33%

50

21%

240

100%

15

How to Screen an Idea

Worst

Poor

Fair

Good

Excelent

Importance Importance
Score
Percentage

out of 100 out of 100

Criterion

Cost

x
x

Risk

Return
Hazard

x
Total

80

33%

30

13%

80

33%

50

21%

240

100%

Score = 2(0.33) + 3(0.13) + 4(0.33) + 2(0.21) =

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

2.79
16

Expected Learning
4 D Methodology (Project Life Cycle)
Define it
Project Identification and screening
Project Identification
Project Objective
Brainstorming
SWOT Analysis

Project Screening

5th September 2016

H.A.Qazi, Lecturer ME DSU, MG402, FL16

17