Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are a project manager for a current project that you are managing for a small firm. You have received three possible solutions from three

You are a project manager for a current project that you are managing for a small firm. You have received three possible solutions from three different vendors. This project has two constraintscost and schedule. Management has determined that a cost of $15,000 or less would be good but up to $20,000 is acceptable. Management also has determined that a completion time of 180 days or less would be good but up to 240 days would be acceptable. The business user team has determined that there are five business requirements that they would like to see with the final product. The firm utilizes a numbering system between 1 and 5 to determine if the vendor's proposal satisfies the constraints and requirements. For constraints, the firm usually rates proposals that meet the good criteria with the number 5, proposals that meet acceptable with the number 3, and those that do not meet the criteria limits would be rated with the number of 1. Regarding requirements, if the proposal fully satisfies the requirement, then it would be rated with the number 5. If the proposal satisfies at least 60% of the requirement, then it would be rated with the number 3. All other

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

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions