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Two possible projects have been identified for potential selection (i.e., Project 1 or Project 2). These projects should be evaluated based on the following criteria:
Two possible projects have been identified for potential selection (i.e., Project 1 or Project 2). These projects should be evaluated based on the following criteria: Strategic fit; Probability of technical success; Financial risk; Potential profit; Strategic leverage; and Recommendations. Using the weighted scoring model and the information provided below, determine which project you should pursue: Criteria Weight Project 1 Project 2 Strategic fit 25% 60 95 Probability of technical success 10% 85 60 Financial risk 15% 40 80 Potential profit 25% 85 55 Strategic leverage 15% 50 80 Recommendations 10% 65 70 The weighted project score for Project 1 was calculated to be 64.75 (you should check this value to verify that your method is correct). Using the information, evaluate the following: a) Weighted Score for Project 2 (to the "hundredth" decimal place). Please show the detailed hand calculations for Project 2 below. NOTE: You should solve this problem manually, and may use Excel to check your work. If you choose to use Excel to check your work, please upload your spreadsheet to Canvas. (12 points) b) Which project would you choose, and why? (3 points)
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