3.1 checklist. Suppose that you work in the pharmaceutical industry and have been asked to undertake a checklist exercise to assess which new drug development project to accept. The organization has decided on the following criteria and you have evaluated them as follows: Drug A Expertise of current research staff Low Technical facilities Low Financial return High Level of medical innovation High Drug B Expertise of current research staff High Technical facilities High Financial return Medium Level of medical innovation Low Drug C Expertise of current research staff Medium Technical facilities Low Financial return High Level of medical innovation Low Construct a table identifying the projects, their evaluation criteria, and ratings. Based on your analysis, which project would you accept? Justify your answer. Solution: Based on analysis, Drug C is the best to assess which new drug development project to accept based on the criteria. Drug C has good expertise of current research staff and can give high financial return as we know the budget to research a new medicine or drug is a lot of expenses. Drug Criteria Performance on Criteria High Medium Low Drug A Expertise of current research staff X Technical facilities Financial return X Level of medical innovation X Drug B Expertise of current research staff X Technical facilities Financial return X Level of medical innovation X Drug C Expertise of current research staff X Technical facilities Financial return X Level of medical innovation