Reading about Net Present Value (NPV) for this module, you probably thought of it as a technique used only by corporations. But the technique may also apply to your own purchases.You may have heard a salesperson tell you, “This product pays for itself!” While this is probably rare for most products, sometimes there are future savings from certain products that will offset some of the costs. For example, if you buy a newer, more reliable, and more fuel-efficient car, it may save you on repair bills and gas prices compared with your old car. If you are a coffee connoisseur, buying a $100 espresso machine might save you money compared with constantly buying $4 drinks at your local Starbucks.Think of a purchase you are planning to make or have recently made. How much did it cost? How much per year do you think you will save from this purchase, and for how many years will you get these savings? Estimate the present value of the savings, and subtract the cost of the product. Note that it is rare that any purchase will “pay for itself” (e.g., have a positive NPV). But are the savings enough that the product becomes a lot “cheaper” and more worthwhile for you to buy?Module 3 - BackgroundCapital Budgeting and the Cost of CapitalStart off the module by viewing these videos from Professor Roberts of the Wharton School of Business at the University of Pennsylvania and Professor Roberts of Rice University. These videos will give you a general overview of the key concepts of capital budgeting and the cost of capital:Roberts, M. (2017). Decision criteria. Coursera. Retrieved from: https://zh.coursera.org/learn/wharton-finance/lecture/hRuBX/decision-criteriaWeston, J. (2017) Putting it all together as WACC (weighted average cost of capital). Coursera. Retrieved from: https://www.coursera.org/learn/finance-for-non-finance/lecture/07ldB/putting-it-all-together-as-the-wacc-weighted-average-cost-of-capitalRoss, S., Westerfield, R., & Jordan, B. (2007) Chapter 8: Net present value and other investment criteria. Essentials of Corporate Finance. McGraw Hill. http://novellaqalive2.mheducation.com/sites/dl/free/007000000x/484691/Part5_Chap8.pdf [If the link is down, click Net Present Value or Fundamentals of Corporate Finance for an alternative link]Ross, S., Westerfield, R., & Jordan, B. (2007) Chapter 12: Cost of capital. Essentials of Corporate Finance. McGraw Hill. Retrieved from: http://novellaqalive2.mheducation.com/sites/dl/free/007000000x/484691/Part7_Chap12.pdf [If the link is down, click Cost of Capital or Fundamentals of Corporate Finance for an alternative link]Finally, check out the following video that will show you how to make capital budgeting calculations using Excel:Graulich, V. (2012). How to calculate NPV and IRR. IHateMath.com. Retrieved from: https://www.youtube.com/watch?v=kCnwCplibAk&t=230sCodible (2019). NPV and IRR in Excel 2010. Retrieved 08/19/2019 from https://www.youtube.com/watch?v=qAhV3xG0i8sIf you still have difficulty with the material after reviewing the required materials, check out the optional materials below. Included are two additional videos, including one on using Excel to compute NPV and IRR. Also included are some additional book chapters that cover the same material but explain it in a slightly different way with different examples.Optional ReadingBlueBookAcademy.com. (2015). Learn it FAST: Weighted average cost of capital explained. Retrieved from: https://www.youtube.com/watch?v=JIvokDfW9AQ&t=48sGirvin, M. (2010). Investment criteria: NPV, IRR, payback, AAR, profitability index. Retrieved from: https://www.youtube.com/watch?v=U2aH4xH5Fz0Fabozzi, F. J., & Peterson Drake, P. (2009). Chapter 14: Capital budgeting techniques. Finance: Capital markets, financial management, and investment management. Wiley. Available in the Trident Online Library.Clive, M. (2012). Chapter 14: The cost of capital. Financial management for non-financial managers. Kogan Page. Available in the Trident Online Library.Block, S. & Hirt, G. (2008). Chapter 12: The capital budgeting decision. Foundations of Financial Management. McGraw-Hill, Retrieved from: http://studylib.net/doc/8149455/12-the-capital-budgeting-decision

As a Business Analyst, requirements analysis and design are part of our everyday life. So what does that mean? Your personal project can have any kind of future that you want it to be. Based on the previous changes from the elicitation process, do a strategic analysis on your own personal project.  Assess the current state Define what you believe is the future Assess any risks Provide the gap between the AS-IS and TO-BE states Read Chapter 7 (Requirements Analysis and Design Definition) of the IIBA Book. Read the paper –“GUIDELINES FOR VERIFYING AND VALIDATING SOFTWARE REQUIREMENTS AND DESIGN SPECIFICATIONS”. Read the article – The Six Blind Men and the Requirements. Go to Lynda.com and watch Validating Requirements and Managing Requirements from the Developing Project Requirements course. Go to Lynda.com and watch Validating and Controlling Your Requirements During Project Execution of the Business Analysis Fundamentals course. Watch the video Requirement Analysis. Watch the video Requirements Management Best Practices. Pick a social media (Facebook, Twitter, Pintrest, Instagram, etc.) to research  and be prepared to discuss how requirement analysis and design affect your chosen social media daily. Watch the movie “Up in the Air” starring George Clooney. Pay close attention to the role of Natalie as a Business Analyst. As you are watching the movie, jot down your answers to the following questions:   In your opinion, is she a good or bad Business Analyst?  What types of business analysis tasks does she do to warrant us looking at her as a Business Analyst? What requirements is she gathering? How does she verify and validate these requirements?  What is her recommended solutions? Do you agree with her solutions? If not, what would you have done differently? There are multiple free sites to choose from: Watch option 1 Watch option 2 Watch option 3 For your task, submit the deliverable for your personal project. Include the following: Analyze the current state in regards to the requirements you analyzed for the change request to your project as of today. Define what the future state will be based on the business needs, goals and objectives of the project. Assess any risks and recommend any actions to alleviate those risks if needed. Describe the current gap between the current and future state and how the project will achieve the future state. 

Module 3: Portfolio Milestone Points 30 Submitting a file upload Portfolio Milestone: (30 points)Important! Read FirstChoose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission.Option #1: Case Overview Read the case Crosby Manufacturing Corporation (Page 203-206) from Kerzner, H. (2017). Project Management Case Studies (Vol. Fifth edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com.csuglobal.idm.oclc.org/login.aspx?direct=true&db=nlebk&AN=1502146&site=ehost-live. (Links to an external site.) Examine the project management issues including concerns about the project, timeline, uncertainties about meeting timelines, and consequences.Let’s practice Cooperative Learning. To that end, please reach out to at least one fellow classmate and discuss the project management issues of importance in this case. You are NOT producing an assignment together but rather engaging in a sharing of research and informed opinion. Include the name(s) of the other student(s) with whom you are in cooperative discussion. (Your classmate does not need to choose the same Portfolio Project option as you. The goal here is to simply enhance your learning about project management issues through sharing and debate. You may email your fellow students to ask for participation.)Your paper must include the following: Introduction: In no more than 1 paragraph, explain the purpose or thesis of the paper, and explain how the body of the paper is arranged to support the purpose of the paper.Body: In no more than 1 page, provide a brief overview of the case and the project management issues as identified in the case.In about two pages, describe your analysis of the approach the team took, its challenges, and details about the result.Conclusion: In no more than 1 paragraph, present a recap of key points and summary of main emphasis without repeating verbatim and exclusive of new information.References: Include at least two current scholarly references (peer-reviewed articles published within the past five years) in addition to the course textbook and/or lecture material to support your overview and your findings.Format your submission to conform to the CSU-Global Guide to Writing & APA (Links to an external site.) Option #2: Case Overview As an example of what is required, read the Crosby Manufacturing Corporation (Page 203-206) from Kerzner, H. (2017). Project Management Case Studies (Vol. Fifth edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com.csuglobal.idm.oclc.org/login.aspx?direct=true&db=nlebk&AN=1502146&site=ehost-live (Links to an external site.) Let’s practice Cooperative Learning. To that end, please reach out to at least one fellow classmate and discuss the project management issues of importance in this case. You are NOT producing an assignment together but rather engaging in a sharing of research and informed opinion. Include the name(s) of the other student(s) with whom you are in cooperative discussion. (Your classmate does not need to choose the same Portfolio Project option as you. The goal here is to simply enhance your learning about project management issues through sharing and debate. You may simply email your fellow students to ask for participation).Document any concerns you have about accessing the data to develop your own case and how you will overcome them in a timely manner to meet the portfolio deadline in Module 8.Then prepare your paper. Your paper must include the following: Introduction: In no more than 1 paragraph, explain the purpose or thesis of the paper, and explain how the body of the paper is arranged to support the purpose of the paper.Body: In no more than 1 page, provide a brief overview of the case and the project management issues as identified in the case.In about two pages, describe your analysis of the approach the team took, its challenges, and details about the result.Conclusion: In no more than 1 paragraph, present a recap of key points and summary of main emphasis without repeating verbatim and exclusive of new information.References: Include at least two current scholarly references (peer reviewed articles published within the past five years) in addition to the course textbook and/or lecture material to support your overview and your findings.Format your submission to conform to the CSU-Global Guide to Writing & APA (Links to an external site.). Rubric PJM310 Mod 3 PM PJM310 Mod 3 PM Criteria Ratings Pts This criterion is linked to a Learning Outcome Requirements 10.0 to >8.0 pts Meets Expectation This response includes all of the required components, as specified in the assignment. 8.0 to >6.0 pts Approaches Expectation This response includes most of the required components, as specified in the assignment. 6.0 to >4.0 pts Below Expectation This response includes some of the required components, as specified in the assignment. 4.0 to >0 pts Limited Evidence This response includes few of the required components, as specified in the assignment. 10.0 pts This criterion is linked to a Learning Outcome Content 10.0 to >8.0 pts Meets ExpectationDemonstrates strong or adequate knowledge of the project management concepts. 8.0 to >6.0 pts Approaches ExpectationSome significant but not major errors or omissions in demonstration of project management concepts. 6.0 to >4.0 pts Below ExpectationMajor errors or omissions in demonstration of project management concepts. 4.0 to >0 pts Limited EvidenceFails to demonstrate knowledge of the project management concepts. 10.0 pts This criterion is linked to a Learning Outcome Demonstrates college-level proficiency in organization, grammar and style 5.0 to >4.0 pts Meets Expectation Project is clearly organized, well written, and in proper format, as outlined in the assignment. Strong sentence and paragraph structure; few errors in grammar and spelling. 4.0 to >3.0 pts Approaches Expectation Project is fairly well organized and well written, and is in proper format, as outlined in the assignment. Reasonably good sentence and paragraph structure; significant number of errors in grammar and spelling. 3.0 to >2.0 pts Below Expectation Project is poorly organized; does not follow proper paper format. Inconsistent to inadequate sentence and paragraph development; numerous errors in grammar and spelling. 2.0 to >0 pts Limited Evidence Project is not well organized or well written, and/or is not in proper paper format. Poor quality work; unacceptable in terms of grammar and spelling. 5.0 pts This criterion is linked to a Learning Outcome Demonstrates proper use of APA style 5.0 to >4.0 pts Meets ExpectationProject contains proper APA formatting, according to the CSU-Global Guide to Writing & APA, with no more than one significant error. 4.0 to >3.0 pts Approaches ExpectationFew errors in APA formatting, according to the CSU-Global Guide to Writing & APA, with no more than two to three significant errors. 3.0 to >2.0 pts Below ExpectationSignificant errors in APA formatting, according to the CSU-Global Guide to Writing & APA, with four to five significant errors. 2.0 to >0 pts Limited EvidenceNumerous errors in APA formatting, according to the CSU-Global Guide to Writing & APA, with more than five significant errors. 5.0 pts