Project Selection Methods & Initiation Documents - Uber Driver App

Project Selection Methods & Initiation Documents
Uber Driver App
3/28/2019

Uber Driver App
Table of Contents
Introduction...........................................................................................................................................2
Project Selection Methods.....................................................................................................................2
Benefit/Cost Ratio.............................................................................................................................2
Scoring Model...................................................................................................................................2
Payback Period..................................................................................................................................3
Net Present Value (NPV) & Internal Rate of Return (IRR)...............................................................3
Initial Process Groups and Initiation Documents...................................................................................4
Initiation & Planning Phase...............................................................................................................4
Initial Project Document – Project Charter & Project Plan................................................................5
Conclusion.............................................................................................................................................5
References.............................................................................................................................................7
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Uber Driver App
Introduction
The adequate selection of the project for an organization is significant so that the organization
may earn value through the projects and the rate of success of the projects is high. There are a
number of methods that have been defined for the purpose of project selection. The use of
these methods shall be done to determine and prioritize the projects.
Once the project is selected, there is a defined process for the initiation of these projects.
Project Management Body of Knowledge (PMBoK) is a methodology that defines the
initiation documents and process groups that shall be used.
The case study of Uber driver app is selected to determine the project selection methods and
initial process groups & initiation documents1.
Project Selection Methods
Benefit/Cost Ratio
The benefit cost ratio in the project is the ratio between the inflow and outflow of the project.
There will be a number of costs that will be associated with the Uber driver app, such as cost
of designing the app, development costs, cost of application deployment, cost of resources,
and several others2. There will also be numerous benefits that the successful implementation
of the app will provide. The revenues and profits for the company will increase with the
deployment of the app.
The ratio between the cost invested in the application and the benefits earned in return
provide the idea on the selection of the project for the organization. The project with higher
ratio shall be selected and given preference over the other projects.
Scoring Model
It is not always the financial benefits and returns that are considered during the selection of
the application. There are also other parameters and factors that are considered and identified
to make the decision regarding the selection or rejection of the application3.
1 Uber, "The New Driver App | Case Studies | Design At Uber", Uber Design(Webpage, 2019)
<https://www.uber.design/case-studies/driver-app>.
2 Jan Rouwendal, "Indirect Effects In Cost-Benefit Analysis" (2012) 3(01) Journal of Benefit-Cost
Analysis.
3 Jan Vecer, "Dynamic Scoring: Probabilistic Model Selection Based On Utility Maximization"
[2018] SSRN Electronic Journal.
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