Question: a) Global Venture Sdn. Bhd. has received a few proposal that requesting them to run a project. Ammar is the project manager for this new

a) Global Venture Sdn. Bhd. has received a few

a) Global Venture Sdn. Bhd. has received a few

a) Global Venture Sdn. Bhd. has received a few proposal that requesting them to run a project. Ammar is the project manager for this new project selection. In order to make decision, Ammar need to know the goals of the project and the models for making decision for project selection. i) Identify three (3) goals of a project. (3 marks) ii) There are numerical models and non-numerical models that can be applied to choose the project that can be proceed. Explain five (5) non-numerical models. (10 marks) iii) However, it is not enough to make the decision. Therefore, Ammar proceed with numerical model named payback period. List three (3) advantages and three (3) disadvantages of payback period. (6 marks) iv) After conducting the selection procedure, Global Venture Sdn. Bhd. facing another problem that they need to identify a location for built up the manufacturing facility to run the project. Ammar decided to use scoring method to solve this problem. Based on Table 1, by using a weighted scoring model, identify the best location to set up this new manufacturing facility when then weight for transportation cost went down to 10 and the weight for union relations went up to 25. Table 1 Category Weight Location A Location B Location C Labor costs 20 2 3 Labor productivity 2 3 Labor supply 2 1 3 Union relations 10 3 3 2 Material supply 10 2 Transport cost 1 2 3 Infrastructure 5 2 2 2 1 20 1 10 1 1 25 b) Shella Lubricants has retained its global market leading position in 2015 with 11.6% market share, according to Kline & Company's Global Lubricants Industry: Market Analysis and Assessment 2016 report. This is the twentieth consecutive year that Shella Lubricants has been named the number one global lubricants supplier. Currently, they decided to diversify the product by applying new technology to develop additive for lubricants with lower cost. This additive will improve the efficiency of current lubricants when applying at any related machine. Recommend a project management structure and justify your answer in terms of importance of project management, the culture and innovation

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