Question: a. Using the scoring matrix above, calculate the weighted average for each of the projects. (5 marks) b. Why is it important that the weights

a. Using the scoring matrix above, calculate the

a. Using the scoring matrix above, calculate the weighted average for each of the projects. (5 marks) b. Why is it important that the weights mirror critical strategic factors? (5 marks) c. What are other methods to identify other projects how do these compare to the weighted scoring matrix? (5 marks)

TASK 1 (PROJECT EVALUATION) 20 MARKS The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration. Criteria Weight Strong sponsor Supports business strategy Urgency 10% of sales o from new products Competition Fill market gap Weighted total 2.0 5.0 4.0 3.0 1.0 3.0 9 5 2 2 5 3 7 2 0 1 Project 1 Project 2 Project 3 Project 4 Project 5 6 6 09 8 2 3 8 1 o 5 10 6 9 3 10 10 1 8 8 0

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