Question: Construct a project checklist model for screening these four alternatives. Based on your model, which project is the best choice for selection? Why? Which is

Construct a project checklist model for screening these four alternatives. Based on your model, which project is the best choice for selection? Why? Which is the worst? Why?

Consider the following information in choosing among the four project alternatives below (labeled A, B, C, and D). Each has been assessed according to four criteria:

Payoff potential

  • Safety
  • Competitive advantage

Lack of risk

Project A is rated:

Payoff potential

Lack of risk

Project B is rated:

high

low

Safety

Competitive advantage

high medium

Payoff potential

Lack of risk

low

medium

Safety

Competitive advantage

medium medium

Project C is rated: Payoff potential

Lack of risk

medium medium

Safety Competitive advantage

Low

low

Project D is rated: Payoff potential

Lack of risk

high high

Safety

Competitive advantage

medium

medium

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!