Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the weighted scoring model we learned in the classroom (chapter 2) to prioritize your projects and select the top winning project. You must apply

Use the weighted scoring model we learned in the classroom (chapter 2) to prioritize your projects and select the top winning project. You must apply the following steps:

1. Define your projects (same as assignment 1, but you may further define/refine your projects).

2. Define Evaluation Criteria/Groups. You must select different groups of criteria (i.e. Financial, Strategic, Customer-related, Schedule-related, etc.), and under each group define 1-3 different criteria.

3. Assign weights for each of the groups/criteria from step 2. You must explain and justify the weights for each criterion/group, and your total weights for all criteria should be 100%.

4. Evaluate your projects against the criteria and score each one (raw score), making sure to use critical thinking in your scores. (scores should be 1 to 10, 1 being low, 10 being high, and 5 being medium, etc.). You must explain the scoring process/scores.

5. Calculate weighted scores (raw score * criterion weight).

6. Describe your winning project and why/how it was selected.

7. The above should be done in Excel see sample assignments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditors Letter Handbook

Authors: American Bar Association Business Law Section

2nd Edition

161438973X, 978-1614389736

More Books

Students also viewed these Accounting questions

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago