PROJ6000: Analysis of Project Selection Methods and Initial Documents

This report delves into the effectiveness of various project selection methods employed in global commercial establishments, with a specific focus on Uber Corporation. It critically analyzes project selection techniques like the Economic model, payback period, discounted cash flow, Net Present Value (NPV), and Internal Rate of Return. The report emphasizes the significance of initial process groups in managing project activities, resource allocation, and risk assessment within Uber. Furthermore, it highlights the importance of project documents, such as initiation documents, in defining project scope, stakeholder responsibilities, and ethical considerations. The analysis underscores how Uber utilizes NPV for project selection, the role of initial process groups in managing project constraints, and the impact of project documents on project quality and control. The report concludes by summarizing the benefits of effective project selection methods and initial documentation for organizational success.

Running head: PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Project selection methods and initial documents
Name of the Student
Name of the University
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1PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Abstract
The prime determination of this report is to focus on the effectiveness of the diverse
categories of project selection methods which are deployed in most of the global commercial
establishments. The paper will look forward to represent the critical analysis of few of the
project selection methods, at the same time the report will also highlight the need of
maintaining initial process groups in major corporate establishments like Uber Corporation in
a detailed manner. The significance of the project documents will be deliberated in this report
considering the projects undertaken by Uber Corporation in the last few years. The report will
have numerous segments and each of the segment will be very much significant in order to
understand the effectiveness of the chosen project selection method and initial documents in
Uber Corporation.

2PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Table of Contents
Introduction................................................................................................................................3
Different methods of selecting projects.....................................................................................3
Inspection of initial process groups in Uber Corporation..........................................................5
Project documents......................................................................................................................6
Conclusion..................................................................................................................................7
References..................................................................................................................................8

3PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Introduction
The notable determination of this report is to focus on the project selection methods
and description of the initial process group and project documents of Uber which is one of the
biggest American multinational transportation network company which provides wide range
of transportation services like ride-sharing, bicycle sharing system, food delivery. Wide range
of projects are done by the stakeholders of this commercial establishment over the last few
years (Uber, 2019). Serving more than 63 countries all around the world this commercial
establishment have a successful project selection method which helped them to grow as
compared with the other similar organizations like Lyft.
Different methods of selecting projects
There are diverse categories of project selection process which are considered in most
of the global commercial establishments all over the world like Economic model, payback
period, discounted cash flow, Net Present Value, Internal rate of Return and opportunity cost.
All these diverse categories of project selection procedures are very much significant to order
to manage diverse categories of projects in an organized manner.
Economic model can be defined as the theoretical construction which considers a
wide range of variable which are associated with each of the projects (Rogers, 2015).
Relationship between them is determined from diverse perspectives in order to find the
impact of a project.
However, discounted cash flow is a type of systematic method which is used to
calculate the accumulation of interest in any part. At the same time, Internal Rate of Return is
very much useful to calculate the profitability of future investments. The valuation of the
current investment in the coming year can be calculated using net present value (Li & Hall,

4PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
2016). But there are diverse drawbacks associated with NPV also in terms of the ignoring the
sunk cost of the projects and misunderstanding the size of the project which may keep on
changing at any point of time.
Uber Corporation deploys net present value (NPV) in order to select any sort of
projects all over the world. The incorporation of NPV is very much beneficial for this
organization to compare the net profitability between more than one projects. The net cash
inflow from each of the projects is determined by Uber using this selection method. The
deployment of NPV is also very much significant for this organization to identify the
alternative investments which can help the organization to grow in this competitive market
(Lee & Shin, 2018). The value of invested cash from the projects and identification of
measuring the value of the cash flow is the other significant contribution of NPV. The
affordable discount rate from each of the projects can also be identified in the first place
using NPV. The payback period can also be identified in the first place using this project
selection method.
Uber Corporation works in diverse categories of projects in terms of the service
provided by this organization. These projects are selected in such a way so that this
organization can grow inspite of the threats coming from the local transportation services
using NPV. The incorporation of NPV is very much beneficial for this commercial
establishment in order to find out the value of time and resources which are generally used in
the projects (Frege, 2019). All the financial business predictions which are associated with
the projects can also be identified in the first place using NPV. The net profitability of each of
the projects can be identified in the first place using NPV, at the same time it can also be said
that there are diverse categories of internal and external risks associated with each of the
projects which can be addressed in a systematized manner using NPV. Prioritization of each

5PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
of the factors which might have an impact on the growth of the organization can also be
identified in the first place using this project selection method (Darwin, 2016). Thus, the
valuation of the firm is enhanced using NPV. Flexibility of each of the projects undertaken by
Uber Corporation has increased considerably after the deployment of NPV (Cramer &
Krueger (2016). All the business process which are associated with each of the projects in
Uber Corporation has seen growth in the last few years after the consideration of each NPV as
the project selection method.
Inspection of initial process groups in Uber Corporation
Most of the opportunities and the challenges of each of the projects in Uber Corporation
are addressed by the initial process group of this commercial establishment. The skillset,
experience and approach are the prime features which are very much useful for the initial process
groups of Uber Corporation. Each of the activities of this project along with the permissions and
authorizations are generally managed by the initial process groups. The logical progression of the
project activities is also one of the foremost activities of the initial process groups of Uber
Corporation (Cohen et al., 2016). The sequence of each of the activities associated with the
projects can be monitored and managed in an effective manner using the initial process groups of
Uber Corporation. The entire workforces which are required in each of the projects is identified
by these process groups (Ang et al., 2018). The selection and the effectiveness of the selected
project management methodologies which are selected by the strategic team of Uber Corporation
can also be identified using the initial process groups.
There are diverse categories of constraints associated with each phase of the project in
terms of the time management in each phase of the project and resource management in each
phase of the project as there are situations when new resources are required or the existing
resources are needed to be altered. Managing the budgetary confusion before the beginning of the
projects is the other significant responsibility of the initial process groups of Uber Corporation

6PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
(Chen, Mislove & Wilson, 2015). The success and the failure of each of the project depend
hugely on the schedule maintained by the initial process groups of Uber Corporation.
These initial process groups of Uber Corporation have different work schedules in terms
of maintaining the charter of each of the projects, procurement documents, enterprise
environmental factors and the protection of the organizational assets of Uber Corporation.
Communication is very much important for each of the employee who works in the
process groups of this global organization as there are lots of challenges for them in terms of the
difference in time, language barriers and expectation of each of the consumers across all the 63
countries which gets the service of this commercial establishment.
Project documents
Each of the new projects which are undertaken by Uber Corporation uses the project
initiation documents which provides a detailed description of the scope and deliverables of the
project. Justification and impact of the project on this commercial establishments are highlighted
in this document in a detailed manner. The responsibilities of each of the internal and external
stakeholders of the project are mentioned in the project initiation document (Calo & Rosenblat,
2017). The diver categories of assumptions and constraints associated with the project can also be
identified in the first place using the project initiation document.
The code of ethics which is practised in the business environment of Uber Corporation is
also verified by the initial project documents. It can also be said that communication between the
stakeholders of the project can also be identified in the first place using the initial project
documents (Baybordi, Nejad & Kargar, 2015). At the same time, the changes required in the
project can also be identified in the first place using the initial project documents.

7PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
The effectiveness of the diverse categories of project management tools in Uber
Corporation, like Liquid planner and Zoho projects can also be enhanced using the initial project
documents.
The other essential facility provided by the initial project documents in Uber is the cost-
benefit analysis of the scheduled project along with the risk prevention techniques of each of the
identified external and internal risks. Control of any project undertaken by Uber Corporation can
also be managed in the first place using the initial project documents (Arendt, 2017). Thus, in
can be said that the quality of project undertaken by Uber Corporation over the years has
improved significantly due to the deployment of the initial project documents.
Conclusion
The report is very much useful to understand the significance of the diverse categories
of project selection methods in global commercial establishments like Uber Corporation. The
effectiveness of the selection project selection method of Uber Corporation which is NPV can
also be concluded from this report. The report was also helpful to identify the significance of the
initial process groups in Uber Corporation as it helps them to select the different aspects of a
project like time and resource management. The significance of the initial project documents
which are maintained by Uber Corporation can also be determined from the report, as it helps in
the selection of a project management tool and maintaining the code of ethics in each of the
undertaken projects. The risks and the risk prevention technique of the projects can also be
addressed from the initial project documents. Thus, the report was very much beneficial to
understand the significance of project selection methods and initial project documents in Uber
Corporation.

8PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
References
Ang, A., Chen, B., Goetzmann, W. N., & Phalippou, L. (2018). Estimating private equity
returns from limited partner cash flows. The Journal of Finance, 73(4), 1751-1783.
Arendt, H. (2017). Über die Revolution. Piper ebooks.
Baybordi, A., Nejad, K. G., & Kargar, E. F. (2015). Evaluating the relationship between
economic value-added and stock return in companies listed at tehran stock exchange.
Management and Administrative Science Review, 4(1), 215-221.
Calo, R., & Rosenblat, A. (2017). The taking economy: Uber, information, and power.
Colum. L. Rev., 117, 1623.
Chen, L., Mislove, A., & Wilson, C. (2015, October). Peeking beneath the hood of uber. In
Proceedings of the 2015 Internet Measurement Conference (pp. 495-508). ACM.
Cohen, P., Hahn, R., Hall, J., Levitt, S., & Metcalfe, R. (2016). Using big data to estimate
consumer surplus: The case of uber (No. w22627). National Bureau of Economic
Research.
Cramer, J., & Krueger, A. B. (2016). Disruptive change in the taxi business: The case of
Uber. American Economic Review, 106(5), 177-82.
Darwin, C. (2016). Über die Entstehung der Arten. Jazzybee Verlag.
Frege, G. (2019). Über sinn und bedeutung (p. 26). Reclam, Philipp.
Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, business models, investment decisions, and
challenges. Business Horizons, 61(1), 35-46.
Li, W. C., & Hall, B. H. (2016). Depreciation of business R&D capital. Review of Income
and Wealth.

9PROJECT SELECTION METHODS AND INITIAL DOCUMENTS
Rogers, B. (2015). The social costs of Uber. U. Chi. L. Rev. Dialogue, 82, 85.
Uber - Earn Money by Driving or Get a Ride Now. (2019). Retrieved 26 July 2019, from
https://www.uber.com/au/en/