1. Create a weighted scoring model to determine which project to select. Assume the criteria are...

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1. Create a weighted scoring model to determine which project to select. Assume the criteria are cost, strategic value, risk, and financials, with weights of 15%, 40%, 20%, and 25%, respectively. Assume scores for Project 1 as 90, 70, 85, and 50; Project 2 as 75, 80, 90, and 70; and Project 3 as 80 for each criterion. a. Calculate the weighted score for Project 1, Project 2 and Project 3 using the weighted scoring model. b. Select the best project. Justify your answer. (8 marks) (CLO1:PLO1:C3) (2 marks) (CLO1:PLO1:C4) 1. Create a weighted scoring model to determine which project to select. Assume the criteria are cost, strategic value, risk, and financials, with weights of 15%, 40%, 20%, and 25%, respectively. Assume scores for Project 1 as 90, 70, 85, and 50; Project 2 as 75, 80, 90, and 70; and Project 3 as 80 for each criterion. a. Calculate the weighted score for Project 1, Project 2 and Project 3 using the weighted scoring model. b. Select the best project. Justify your answer. (8 marks) (CLO1:PLO1:C3) (2 marks) (CLO1:PLO1:C4)