Turning Project Financial Analyses into a Painless Exercise Introduction “No Pain, No Gain” is a popular exercise slogan that promises greater rewards for the price of hard work to achieve physical excellence. In the field of information technology (IT), most people think that performing financial analyses on new projects is hard work, but it doesn’t…

Internal Rate of Return (IRR) is a project selection technique that takes a comparative approach for selection. When you’re taking the PMI® PMP® exam, you should expect questions on IRR. In your day-to-day life as well you can check with IRR to help make better decisions, such as whether to buy insurance. Hence, IRR is…