Question
Custom Bike Company has created a weighted scoring matrix to evaluate potential projects. Below are five projects under consideration. criteria Strong sponsor Supports business strategy
Custom Bike Company has created a weighted scoring matrix to evaluate potential projects. Below are five projects under consideration.
criteria | Strong sponsor | Supports business strategy | Urgency | 10% of sales from new products | Competition | Fill the market gap |
Weight | 2 | 2 | 2 | 2 | 3 | 1 |
1. Project | 4 | 8 | 0 | 7 | 6 | 0 |
Project 2 | 4 | 9 | 6 | 8 | 8 | 1 |
Project 3 | 3 | 10 | 5 | 7 | 1 | 2 |
Project 4 | 5 | 10 | 2 | 7 | 0 | 2 |
Project 5 | 10 | 9 | 5 | 7 | 1 | 10 |
1. Using the scoring matrix above, how many points would you give each project?
2. Which project would you choose first?
3. If the weight of “Strong Sponsor” increases from 2 to 5, how many points would you give each project?
4. Now which project would you choose first?
5. Why is it important for weights to reflect critical strategic factors?
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1 Calculate the points for each project Project 1 Points 4 2 8 2 0 2 7 2 6 3 0 1 8 16 0 14 18 0 56 P...Get Instant Access to Expert-Tailored Solutions
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Project management the managerial process
Authors: Eric W Larson, Clifford F. Gray
5th edition
73403342, 978-0073403342
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