Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You and a group of friends from a diverse set of backgrounds and careers have decided after someheated but valuable conversations to start a business.

You and a group of friends from a diverse set of backgrounds and careers have decided after someheated but valuable conversations to start a business. This business will be building a unique buteffective vehicle for driving long distances but it has customizable interchangeable options to includecomfortable overnight sleeping conditions and can drive both on-highway, and off-road. Your group offriends are avid travelers and want to create a vehicle that has it all but at an affordable price to caterto anyone across North America. This is a huge project and undertaking, but you are all passionate aboutcreating a new product and are excited to take on the challenge. The group is building a large van, butpending its initial success may mean the group will build other types of vehicles and product lines. Thegroup of friends are as follows: Monica shes the marketing and product wizz of the friend group. With an MBA and strongsocial media following, shes perfect member of the project team to make sure this productcomes to life and sells it via social media along the way she's outgoing and strong willed, butcollaborative to meeting goals and timelines. She overextends herself with her creative brain,which sometimes results in conflict and may impact project timelines. Sham He's the principal engineer. He tends to be quiet, a bit more introverted and needs aclear set of instructions and structure to perform his work. He is the designer and will do alldrawings and implementation of components of the vehicle. He is also extremely thorough anddetailed, to make sure that all things work, work again, and work again. Critical thinking,however, isnt his strongest attribute, as he keeps his eye on tasks and only his tasks, sosometimes struggles to think outside the box and work with other team members. Sahar is strong in procurement and sourcing they are realistic, a good negotiator, in whatcan and cannot be done they're organized and able to think critically to achieve solutions forproblems that arise. They know where everyone else is at the project to know when to procurespecific components. Sahar is integrated closely across all other members of the team to makesure timelines are not delayed. Rafih is the go getter and key sales member of the team. He has a strong sales background andis very good at convincing others on anything and everything. Hes data driven and takesownership on tasks with ease. Though he is not heavily involved in the project, he is excited tosell the vehicle once its been built and validated for the public to use. Zee - he's the funder of the project He was very successful in some investments a few yearsback and ready to start investing in cool projects. He is cautious with this project but is excitedto see the product and vehicle come to life. While he wants to know whats going on in theproject, but is not involved in the day to day. Lastly yourself as the project manager. Youre required to capture project requirements, andmanage the project from its initiating phases, to closure. Your end goal is to create a fullyfunctioning vehicle for on-road and off-road travel around the world. With the investment, andidea in place, youre ready to get started on this project After some deliberations on how many wheels this vehicle will have, and are stuck between 2,4, or 6 wheels and you have decided to perform a weighted factor scoring model to help decide the best move forward.
List the steps involved in creating a weighted factor scoring model (2 marks)
Create a weighted factor model for selecting the best number of wheels for the car, based on your own criteria. You are required to consider the 3 options (2,4, or 6 wheels) and 3 different criteria. An example of criteria could be, weight. (You are allowed to use this option but need to create 2 additional criteria).(4 marks)
Be sure to show your own work in a table as we carried out in class, and make assumptions where necessary to complete this question.

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

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these General Management questions

Question

1. State and solve the diamond-water paradox.

Answered: 1 week ago