Project Selection for Managing a Portfolio for Garlos Health Tech Incorporated

a Healthcare Technology company in Toronto

Company Background:

Garlos Health Tech Inc. is a mid$-$sized technology company specializing in developing innovative software solutions for the healthcare industry. With a strategic goal to expand its product offerings and improve existing systems, Garlos Health Tech Inc is at a critical juncture where choosing the right projects for its portfolio is essential for achieving its objectives.

Strategic Goals:

$1.$ Enhance existing healthcare software products.

$2.$ Develop new products to enter emerging markets.

$3.$ Improve internal systems for increased efficiency.

$4.$ Invest in research and development $($R&D$)$ to stay ahead of technological advancements.

Selection Criteria:

$1.$ Strategic Alignment $(35\%)$

$2.$ Cost and Funding Availability $(25\%)$

$3.$ Resource Availability $(20\%)$

$4.$ Capacity and Capability $(20\%)$

Resource Constraints:

$$ Budget: $$1,200,000$ for all projects over the next $2$ years

$$ Human Resources Available:

$5$ Senior Developers

$3$ Junior Developers

$4$ Quality Assurance $($QA$)$ Specialists

$2$ Project Managers

$2$ R&D Specialists

$1$ Data Scientist

$1$ Artificial Intelligence $($AI$)$ Expert

PMake a perfect solution on paper with table and priorotized it and send it please.roject Details

Using the provided project details, you are tasked with prioritizing these projects based on the selection criteria to form an optimal project portfolio for Garlos Health Tech Inc. Students should conduct a weighted analysis considering the strategic goals, financial constraints, and the available resources and capabilities of Garlos Health Tech Inc.

Project Description Cost Timeline Resources Required Strategic Alignment

Alpha Upgrade of Electronic Health Records System $$500,00012$ months $3$ senior developers, $2$ QA specialists Enhances existing products

Beta Development of a Telehealth Application $$750,00018$ months $4$ senior developers, $2$ junior developers, $3$ QA specialists, $1$ project manager Develops new products for emerging markets

Gamma Implementation of an Internal Project Management Tool $$200,0006$ months $2$ senior developers, $1$ QA specialist, $1$ project manager Improves internal systems

Delta R&D Project on Artificial Intelligence in Healthcare $$1,000,00024$ months $3$ R&D specialists, $2$ data scientists, $1$ AI expert, $2$ project managers Invests in R&D to advance technological capabilities

Epsilon Customer Service Platform Enhancement $$300,0009$ months $2$ senior developers, $1$ junior developer, $2$ QA specialists Enhances existing products and customer satisfaction

Deliverables:

$$ Analysis: Evaluate each project against the selection criteria, using a weighted scoring model to quantify and rank the projects.

$$ Prioritization: Present a prioritized project list with detailed justifications for each project's ranking, focusing on how they contribute to Garlos Health Tech Inc$$s strategic goals.

$$ Recommendation Report: A comprehensive report that includes an overview of the analysis, the prioritization methodology, and the rationale behind the recommended project portfolio.

Project Selection Criteria Table

Criteria$/$Project Strategic Alignment $(35\%)$ Cost and Funding Availability $(25\%)$ Resource Availability $(20\%)$ Capacity and Capability $(20\%)$ Weighted Score

Alpha: EHR Upgrade

Beta: Telehealth App

Gamma: Project Mgmt Tool

Delta: AI in Healthcare

Epsilon: Customer Service Enhancement

Prioritized list of three projects

Make a perfect solution on paper with table and priorotized it and send it please.

Make a perfect solution on paper with table and priorotized it and send it please.