Analyze at least five different methods of project selection including the advantages and disadvantages of each method. Identify the project selection method you used for your project and explain why it was appropriate. Identify and analyze at least five different project management methodologies such as Six Sigma and Agile. Include a discussion of the advantages and disadvantages of each. Explain how you will use project management standards and methodologies in managing your term project. Identify and analyze at least five project cost estimation approaches (top-down estimates, bottom-up estimates, parametric modeling, etc.). Include a discussion of the advantages and disadvantages of each. Explain your selection of the most appropriate project cost estimation method for your term project. Explain the PMI ethical standards and how they should be applied during the project initiation or planning processes. Include an example of an ethical dilemma that could occur in your project's initiation or planning processes. To develop this example, you may search the internet for ethical dilemmas in project management or you can choose one from your experience or create one with your imagination. Then, apply the EDMF (ethical decision-making framework) to arrive at an ethically appropriate decision for this dilemma.

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Methods of Project Selection 1 Benefit Measurement Methods This method involves comparing the costs and benefits of different projects and selecting the project with the highest net benefit The advant... View the full answer