Most organisations don’t have a lack of problems to solve or opportunities to seize. With a seemingly unlimited number of projects that could be executed, and often a limited budget, project selection becomes crucial.
Traditional approaches to project selection focus on ‘cost’ and ‘financial benefit’ and can be traced back to economic concepts from the 1800s. Today’s decision makers need approaches that reflect the complicated human and environmental contexts in which projects are run. As well as financial cost and profit, it is crucial to consider stakeholders, risk, ethics, and bias. Further, funding requirements are evolving to include demonstration of better societal outcomes, sustainability, and resilience.
In this conversational webinar, Dr Alexia Nalewaik (author of Strategic Project Analysis: A Powerful Set of Cost-Benefit Tools and Techniques for Managers) presents a rationale for broadening traditional cost-focused project analysis to include non-financial planned benefits, requiring the use of both quantitative and qualitative methods. If you’ve ever felt your organisation’s business cases are ‘stale’ or ‘checkbox’, this is a webinar for you!
The webinar recording can be viewed below:
About the Speaker
Alexia Nalewaik is the owner of Pellucid Projects LLC and occasionally a lecturer at higher education institutions such as the University of Virginia, George Washington University, and American University. She is a quantity surveyor and researcher with over 30 years of experience in audit, risk analysis, social value, and cost management for complex capital mega-programs. She is a Fellow of RICS, AACE International, the Guild of Project Controls, and ICEC, and a senior member of IEEE. She is a former member of RICS Governing Council, and is a Past Chair of ICEC and a Past President of AACE International. Her third book, Strategic Project Analysis: A Powerful Set of Cost-Benefit Tools and Techniques for Managers, was recently released.
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